C.F.R. » Title 12 » CHAPTER VI—FARM CREDIT ADMINISTRATION › SUBCHAPTER B—FARM CREDIT SYSTEM › PART 615—FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND FUNDING OPERATIONS › Subpart Q—Bankers' Acceptances

12 C.F.R. § 615.5550

Bankers' acceptances

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Banks for cooperatives may rediscount with other purchasers the acceptances they have created. The bank for cooperatives' board of directors, under established policies, may delegate this authority to management.

[71 FR 65387, Nov. 8, 2006]