[Federal Register Volume 67, Number 92 (Monday, May 13, 2002)]
[Rules and Regulations]
[Pages 31938-31939]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-11878]


=======================================================================
-----------------------------------------------------------------------

FARM CREDIT ADMINISTRATION

12 CFR Parts 611 and 614

RIN 3052-AB86


Organization; Loan Policies and Operations; Termination of Farm 
Credit Status; Effective Date

AGENCY: Farm Credit Administration.

ACTION: Notice of effective date.

-----------------------------------------------------------------------

SUMMARY: The Farm Credit Administration (FCA) published a final rule 
under parts 611 and 614 on April 12, 2002 (67 FR 17907). This final 
rule amends our regulations to allow a Farm Credit System (FCS or 
System) bank or association to terminate its FCS charter and become a 
financial institution under another Federal or State chartering 
authority. Our purpose is to amend the existing regulations so they 
apply to all System banks and associations and to make other changes. 
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 13, 2002.

Effective Date: The regulation amending 12 CFR parts 609 and 620 
published on April 12, 2002 (67 FR 17907) is effective May 13, 2002.

FOR FURTHER INFORMATION CONTACT:

Alan Markowitz, Senior Policy Analyst, Office of Policy and Analysis, 
Farm

[[Page 31939]]

Credit Administration, McLean, VA 22102-5090, (703) 883-4498, TTY (703) 
883-4434;
        or
Rebecca S. Orlich, Senior Attorney, Office of General Counsel, Farm 
Credit Administration, McLean, VA 22102-5090, (703) 883-4020, TTY (703) 
883-2020.

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

    Dated: May 8, 2002.
Kelly Mikel Williams,
Secretary, Farm Credit Administration Board.
[FR Doc. 02-11878 Filed 5-10-02; 8:45 am]
BILLING CODE 6705-01-P