12 CFR 615.5175
§ 615.5175 Investments in Farm Credit System institution preferred stock.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 615.5175, § 615.5175 Investments in Farm Credit System institution preferred stock, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47843
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Full text
Except as provided for in § 615.5171, Farm Credit banks, associations and service corporations may only purchase preferred stock issued by another Farm Credit System institution, including the Federal Agricultural Mortgage Corporation, with the written prior approval of the Farm Credit Administration. The request for approval should explain the terms and risk characteristics of the investment and the purpose and objectives for making the investment.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.