[Federal Register Volume 66, Number 94 (Tuesday, May 15, 2001)]
[Rules and Regulations]
[Page 26785]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-12152]


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FARM CREDIT ADMINISTRATION

12 CFR Parts 611 and 615

RIN 3052-AB91


Organization; Funding and Fiscal Affairs, Loan Policies and 
Operations, and Funding Operations; Stock Issuances; 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 parts 611 and 615 on March 28, 2001 (66 FR 16841). In this final 
rule, we amended our regulations to allow Farm Credit System (System) 
service corporations to sell stock to non-System entities, provide 
adequate disclosures to investors in service corporations, and allow 
System institutions to issue unlimited amounts of certain classes of 
equities. The purpose of our amendments is to provide System 
institutions additional opportunities to fulfill their borrowers' needs 
through service corporations and more efficient issuance of equities 
related to earnings distributions and transfers of capital. 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 May 14, 2001.

EFFECTIVE DATE: The regulation amending 12 CFR parts 611 and 615 
published on March 28, 2001 (66 FR 16841) is effective May 14, 2001.

FOR FURTHER INFORMATION CONTACT: Dale Aultman, Policy Analyst, Office 
of Policy and Analysis, Farm Credit Administration, McLean, VA 22102-
5090, (703) 883-4498; or Howard Rubin, 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: May 9, 2001.
Jeanette C. Brinkley,
Acting Secretary, Farm Credit Administration Board.
[FR Doc. 01-12152 Filed 5-14-01; 8:45 am]
BILLING CODE 6705-01-P