[Federal Register Volume 62, Number 210 (Thursday, October 30, 1997)]
[Rules and Regulations]
[Page 58644]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-28808]


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FARM CREDIT ADMINISTRATION

12 CFR Part 615

RIN 3052-AB75


Funding and Fiscal Affairs, Loan Policies and Operations, and 
Funding Operations; Cumulative Voting; Effective Date

AGENCY: Farm Credit Administration.

ACTION: Notice of effective date.

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SUMMARY: The Farm Credit Administration (FCA) published a final rule 
under part 615 on September 24, 1997 (62 FR 49907). The final rule 
amends the regulations to provide that a Farm Credit Bank (FCB or bank) 
may eliminate cumulative voting in director elections with the consent 
of 75 percent of the bank's association 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 
October 30, 1997.

EFFECTIVE DATE: The regulation amending 12 CFR part 615 published on 
September 24, 1997 (62 FR 49907) is effective October 30, 1997.

FOR FURTHER INFORMATION CONTACT:

Gaylon J. Dykstra, Policy Analyst, Policy Development and Risk Control, 
Farm Credit Administration, McLean, VA 22102-5090, (703) 883-4498;

      or

Rebecca S. Orlich, Senior Attorney, Office of General Counsel, Farm 
Credit Administration, McLean, VA 22102-5090, (703) 883-4020, TDD (703) 
883-4444.

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

    Dated: October 27, 1997.
Floyd Fithian,
Secretary, Farm Credit Administration Board.
[FR Doc. 97-28808 Filed 10-29-97; 8:45 am]
BILLING CODE 6705-01-P