[Federal Register Volume 72, Number 20 (Wednesday, January 31, 2007)]
[Rules and Regulations]
[Page 4414]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-1533]


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FARM CREDIT ADMINISTRATION

12 CFR Part 620

RIN 3052-AC19


Disclosure to Shareholders; Correction

AGENCY: Farm Credit Administration.

ACTION: Correcting amendment.

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SUMMARY: The Farm Credit Administration (FCA) published a final rule 
(71 FR 5740, February 2, 2006) that amended the regulations affecting 
the governance of the Farm Credit System. This document corrects a 
nonsubstantive error in the final rule.

EFFECTIVE DATE: April 5, 2006.

FOR FURTHER INFORMATION CONTACT: Cindy R. Nicholson, Technical Editor, 
Office of General Counsel, Farm Credit Administration, McLean, VA 
22102-5090, (703) 883-4020, TTY (703) 883-4020.

SUPPLEMENTARY INFORMATION: In revising Sec.  620.5(i)(2)(i), we 
inadvertently omitted the last two paragraphs in the final rule as 
published at 71 FR 5740, February 2, 2006.

List of Subjects in 12 CFR Part 620

    Accounting, Agriculture, Banks, banking, Reporting and 
recordkeeping requirements, Rural areas.


0
Accordingly, 12 CFR part 620 is corrected by making the following 
correcting amendment:

PART 620--DISCLOSURE TO SHAREHOLDERS

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1. The authority citation for part 620 continues to read as follows:

    Authority: Secs. 5.17, 5.19, 8.11 of the Farm Credit Act (12 
U.S.C. 2252, 2254, 2279aa-11) sec. 424 of Pub. L. 100-233, 101 Stat. 
1568, 1656.

Subpart B--Annual Report to Shareholders

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2. Amend Sec.  620.5(i)(2)(i) by adding paragraphs (E) and (F) to read 
as follows:


Sec.  620.5  Contents of the annual report to shareholders.

* * * * *
    (i)(2)(i) * * *
    (E) Compensation amounts reported under the category ``Other'' 
(column (f)) shall reflect the dollar value of all other compensation 
not properly reportable in any other column. Items reported in this 
column shall be specifically identified and described in a footnote to 
the table. Such compensation includes, but is not limited to:
    (1) The amount paid to the senior officer pursuant to a plan or 
arrangement in connection with the resignation, retirement, or 
termination of such officer's employment with the institution; or
    (2) The amount of contributions by the institution on behalf of the 
senior officer to a vested or unvested defined contribution plan unless 
the plan is made available to all employees on the same basis.
    (F) Amounts displayed under ``Total'' (column (g)) shall reflect 
the sum total of amounts reported in columns (c), (d), (e), and (f).
* * * * *

    Dated: January 25, 2007.
Roland E. Smith,
Secretary, Farm Credit Administration Board.
 [FR Doc. E7-1533 Filed 1-30-07; 8:45 am]
BILLING CODE 6705-01-P