[Federal Register Volume 66, Number 82 (Friday, April 27, 2001)]
[Rules and Regulations]
[Pages 21064-21065]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-10556]


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FARM CREDIT ADMINISTRATION

12 CFR Part 620

RIN 3052-AB94


Disclosure to Shareholders; Annual Report; 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 620 on March 12, 2001 (66 FR 14299). This final rule 
provides that a bank need not distribute its annual report to the 
shareholders of its related associations unless it experiences a 
``significant event.'' The final rule also requires all associations to 
disclose, in a separate section of their annual report, specified 
information about their financial and supervisory relationship with 
their funding bank. This final rule benefits banks, associations, and 
their shareholders because it allows the banks and associations to 
share necessary information with shareholders at a reduced cost. 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

[[Page 21065]]

records of the sessions of Congress, the effective date of the 
regulations is April 27, 2001.

EFFECTIVE DATE: The regulation amending 12 CFR part 620 published on 
March 12, 2001 (66 FR 14299) is effective April 27, 2001.

FOR FURTHER INFORMATION CONTACT:

Tong-Ching Chang, Policy Analyst, Office of Policy and Analysis, Farm 
Credit Administration, McLean, VA 22102-5090, (703) 883-4498;
    or

Alison C. Samarias, Attorney Advisor, 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: April 24, 2001.
Kelly Mikel Williams,
Secretary, Farm Credit Administration Board.
[FR Doc. 01-10556 Filed 4-26-01; 8:45 am]
BILLING CODE 6705-01-P