[Federal Register Volume 71, Number 85 (Wednesday, May 3, 2006)]
[Rules and Regulations]
[Page 25919]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 06-4175]



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 Rules and Regulations
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  Federal Register / Vol. 71, No. 85 / Wednesday, May 3, 2006 / Rules 
and Regulations  

[[Page 25919]]


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FARM CREDIT ADMINISTRATION

12 CFR Parts 611, 612, 614, 615, and 620

RIN 3052-AC21


Organization; Standards of Conduct and Referral of Known or 
Suspected Criminal Violations; Loan Policies and Operations; Funding 
and Fiscal Affairs, Loan Policies and Operations, and Funding 
Operations; Disclosure to Shareholders; Preferred Stock; Effective Date

AGENCY: Farm Credit Administration.

ACTION: Announcement of effective date.

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SUMMARY: The Farm Credit Administration (FCA) published a final rule 
under parts 611, 612, 614, 615, and 620 on September 13, 2005 (70 FR 
53901). This final rule amended our regulations governing preferred 
stock issued by Farm Credit System (System) banks, associations, and 
service corporations and became effective on November 3, 2005 (70 FR 
67901). However, we delayed the effective date of Sec. Sec.  
612.2165(b)(12)-(15), 615.5245(a), and 615.5270(d) for 6 months from 
the effective date of the final rule in order to allow System 
institutions with existing preferred stock programs to adopt the 
policies and procedures necessary to comply with the rule. This 
document announces the effective date of those portions of the rule.

DATES: Effective Date: The effective date for Sec. Sec.  
612.2165(b)(12)-(15), 615.5245(a), and 615.5270(d) is May 3, 2006.

FOR FURTHER INFORMATION CONTACT: 

Laurie A. Rea, Associate Director, Office of Regulatory Policy, Farm 
Credit Administration, McLean, VA 22102-5090, (703) 883-4498, TTY (703) 
883-4434; or
Howard Rubin, Senior Attorney, Office of General Counsel, Farm Credit 
Administration, McLean, VA 22102-5090, (703) 883-4020, TTY (703) 883-
4020.

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

    Dated: April 27, 2006.
Roland E. Smith,
Secretary, Farm Credit Administration Board.
[FR Doc. 06-4175 Filed 5-2-06; 8:45 am]
BILLING CODE 6705-01-P