CFR > Title 12 - Banks and Banking > CHAPTER VI—FARM CREDIT ADMINISTRATION > SUBCHAPTER B—FARM CREDIT SYSTEM (parts 609 to 655) > PART 615—FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND FUNDING OPERATIONS > SUBPART A—Funding (§615.5000 to §615.5040) > 615.5030—Borrowings from commercial banks.

615.5030—Borrowings from commercial banks.

Each System bank board, by resolution, shall authorize all commercial bank borrowings by that System bank.

Code of Federal Regulations

[54 FR 1159, Jan. 12, 1989, as amended at 75 FR 35968, June 24, 2010]