[Federal Register Volume 59, Number 171 (Tuesday, September 6, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-21878]


[[Page Unknown]]

[Federal Register: September 6, 1994]


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FARM CREDIT ADMINISTRATION

12 CFR Parts 611, 618, and 620

RIN 3052-AB42

 

Organization; General Provisions; Disclosure to Shareholders; 
Effective Date

AGENCY: Farm Credit Administration.

ACTION: Notice of effective date.

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SUMMARY: The Farm Credit Administration (FCA) published a final 
regulation under parts 611, 618, and 620 on July 22, 1994 (59 FR 
37406). The final regulation amends 12 CFR parts 611, 618, and 620 to 
reflect changes to the Farm Credit Act of 1971 made by the Farm Credit 
Banks Safety and Soundness Act of 1992, and amends the annual report 
disclosure rules for director reimbursable expenses to address concerns 
raised by Farm Credit banks regarding the equity and regulatory burden 
of the existing rule. Additionally, the regulation amends the 
disclosure requirements for senior officer compensation to make the 
disclosures more informative and useful to shareholders. In accordance 
with 12 U.S.C. 2252, the effective date of the final rule is 30 days 
from the date of publication in the Federal Register during which 
either or both Houses of Congress are in session. Based on the records 
of the sessions of Congress, the effective date of the regulations is 
August 22, 1994.

EFFECTIVE DATE: The regulation amending 12 CFR parts 611, 618, and 620 
published on July 22, 1994 (59 FR 37406) is effective August 22, 1994.

FOR FURTHER INFORMATION CONTACT:
Laurie A. Rea, Policy Analyst, Office of Examination, Farm Credit 
Administration, McLean, Virginia 22102-5090, (703) 883-4498, TDD (703) 
883-4444,

       or

Joy E. Strickland, Senior Attorney, Office of General Counsel, Farm 
Credit Administration, McLean, Virginia 22102-5090, (703) 883-4020, TDD 
(703) 883-4444.

(12 U.S.C. 2252(a) (9) and (10))

    Dated: August 30, 1994.
Curtis M. Anderson,
Secretary, Farm Credit Administration Board.
[FR Doc. 94-21878 Filed 9-2-94; 8:45 am]
BILLING CODE 6705-01-P