Federal Register - April 2, 1958
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Source: Federal Register
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STEB
1934
VOLUME 23
NUMBER 65
Washington, Wednesday, April 2, 1958
TITLE 6 AGRICULTURAL CREDIT
Chapter I Farm Credit Administration Subchapter B Federal Farm Loan System P art 10 F ederal L and B a n k s G e n e r a l l y INTEREST RATES ON LOANS MADE THROUGH
ASSOCIATIONS
terest rates which exceed the last bond interest rate by more than 1 percent per annum.
Sec.- 6, 47 Stat. 14, as amended; 12 U. S. C.
665. Interprets or applies secs. 12, 17, 39
Stat. 370, as amended, 375, as amended; 12
U. S. C771, 831
SEAL
H arold T. M a s o n ,
Acting Governor, Farm Credit Administration.
Effective March 19, 1958, the interest F. R. D og. 58-2413; Filed, Apr. 1, 1958;
rate on loans being closed through na 8:49 a. m.
tional farm loan associations by the Fed eral Land Bank of Louisville and by the Federal Land Bank of Wichita was re TITLE 24 HOUSING AND
duced from 5 V2 percent per annum to 5
HOUSING CREDIT
percent per annum; and effective April 1,1958, the interest rate on loans being Chapter I Federal Home Loan Bank closed, through national farm loan asso Board ciations by the Federal Land Bank of Sfcr Louis will also be 5 percent per annum Subchapter 3 Federal Home Loan Bank System instead of 5x/2 percent per annum. In No. 11511
order to reflect such changes and restate 10.41 of Title 6 of the Code of Federal F art 125 A dvances Regulations, as amended 21 F. R. 10167;
EXTENDING PERIOD FOR NON-AMORTIZED
22 F. R. 133, 653, 1318, 1586, 2095, 3863, ADVANCES
6214, 7129, 7833, 8847; 23 F. R. 1547, 1669, M arch 26, 1958.
1823, in its entirety, said 10.41 is amended to read as follows:
Resolved that, pursuant to Part 108 of the General Regulations of the Federal INTEREST RATES
Home Loan Bank Board 24 CFR Part 10.41 Interest rates on loans through 108, 125.10 of the regulations for the associations On loans being made by Federal Home Loan Bank System 24
the banks through associations, the per CFR 125.10, be amended to read as annum interest rate is as indicated below follows :
for each bank;
125.10 Terms of advances.
The Interest rate Federal L a n d B a n k o f :
percent Banks may make advances" to members S p r in g f ie ld ___________
5i/2 on the security of home mortgages Baltimore ____________
51/2 and/or obligations of the United States, Colum bia ____________
____ 6
as provided in section 10 of theact, for Louisville ____________
5
New O rleans
51/2 periods of not to exceed ten years, on a monthly or quarterly amortization basis, St. L o u i s ____________
5
St. P a u l _______________
with interest thereon payable monthly 5
Omaha ____
or quarterly, except that advances for ______
5 W i c h i t a __________
5
periods not exceeding one year need not Houston _ _______
5
be amortized: Provided, however, That Berkeley ..11
51/2 Banks may, with the prior approval of S p o k a n e ______
-------51/2
the Board, also make such advances on JJhder section 12 Second of the Federal a nonamortizable basis to members for ; r rm Loan Act, as amended" 12 U. S. C. periods in excess of one year and not tho k . w Merest rate on loans made by exceeding ten years, subject to such banks may not exceed bymore than 1
terms, conditions and limitations as the t h f 111Per anrxum the interest rate in Board may, by resolution or otherwise, seres farm loan bonds issued prescribe.
T ,ie banks, except with the approval ox the Governor of thé Farm Credit A dResolved further, that, since this amend uustration. Such approval has been ment makes provision for the extension en as to any of the foregoing loan in Continued on next page
CONTENTS
Agricultural Research Service Proposed rule making:
Horsemeat and horsemeat prod ucts; eligibility of foreign countries for importation into U. S____________ 1 --------- ----------
Page
2139
Agriculture Department See Agricultural Research Serv
ice.
Civil Aeronautics Board Notices:
Hearings, etc.:
American Airlines, Inc., en forcement, case____________
National Airlines, Inc., en forcement proceeding_____
Proposed rule making:
Turbine-powered transport cat egory airplanes of current de sign; special civil air regula tion___________________________
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Commerce Department See Federal Maritime Board.
Farm Credit Administration Rules and regulations: Federal land banks generally;
interest r a t e s on l o a n s through associations_________
2137
Federal Communications Com mission Notices:
Class B FM broadcast stations;
revised tentative allocation plan:
Sacramento, Calif____________
. Sacramento and Santa Rosa, Calif__________________ -._____
San Diego, Calif------------------Santa Catalina Island, Calif., et al__._____________________
Washington, D. C., and W ood? bridge, V a___i______ ______
Hearings, etc.:
Adelman, Louis, dnd Guinan Realty Co__________________
Bramlett, Charles R., et al___
Entertainment Service, Inc., et al______ .____________ .____
Hardin County Broadcasting Co__________________________
Pierce Brooks Broadcasting Corp. K G I L ____________
Radio Tampa et al____________
Williamsburg Broadcasting Co. and W D D Y , Inc_______
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