[Federal Register Volume 70, Number 193 (Thursday, October 6, 2005)]
[Rules and Regulations]
[Page 58293]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-20036]


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FARM CREDIT ADMINISTRATION

12 CFR Parts 620, 621, 650, 651, 652, 653, 654, and 655

RIN 3052-AC18


Disclosure to Shareholders; Accounting and Reporting 
Requirements; Federal Agricultural Mortgage Corporation General 
Provisions; Federal Agricultural Mortgage Corporation Governance; 
Federal Agricultural Mortgage Corporation Funding and Fiscal Affairs; 
Federal Agricultural Mortgage Corporation Disclosure and Reporting 
Requirements; 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 620, 621, 650, 651, 652, 653, 654, and 655 on July 14, 2005 
(70 FR 40635). This final rule ensures that the Federal Agricultural 
Mortgage Corporation (Farmer Mac) continues to hold high-quality, 
liquid investments to maintain a sufficient liquidity reserve, invest 
surplus funds, and manage interest-rate risk, while maintaining non-
program investments at appropriate levels considering Farmer Mac's 
status as a Government-sponsored enterprise. 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 regulation is September 30, 
2005.

EFFECTIVE DATE: The regulation amending 12 CFR parts 620, 621, 650, 
651, 652, 653, 654, and 655 published on July 14, 2005 (70 FR 40635) is 
effective September 30, 2005.

FOR FURTHER INFORMATION CONTACT: Joseph T. Connor, Associate Director 
for Policy and Analysis Office of Secondary Market Oversight, Farm 
Credit Administration, McLean, VA 22102-5090, (703) 883-4364, TTY (703) 
883-4434; or Jennifer A. Cohn, Senior Attorney, Office of General 
Counsel, Farm Credit Administration, McLean, VA 22102-5090, (703) 883-
4020, TTY (703) 883-4020.

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

    Dated: September 30, 2005.
Jeanette C. Brinkley,
Secretary, Farm Credit Administration Board.
[FR Doc. 05-20036 Filed 10-5-05; 8:45 am]
BILLING CODE 6705-01-P