A bill to amend the Farm Credit Act of 1971 to reconstitute the finance committee which determines the amounts, maturities, rates of interest, and participation of System banks in the issuance of joint, consolidated, or System-wide obligations.

Summary

Amends the Farm Credit Act of 1971 with respect to the finance committee that determines the amounts, maturities, interest rates, and participation of Farm Credit System (FCS) banks in the issuance of joint, consolidated, or System-wide obligations. Provides for a single eight-member committee made up of specified FCS leaders and monetary policymakers. (Under current law, a separate committee exists for each of the following: (1) Federal land banks and associations; (2) Federal intermediate credit banks and production credit associations; and (3) banks for cooperatives.)

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1 official file

• Introduced in House

  summary · EN · 22 July 1987

  Open at official source

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