[Federal Register Volume 77, Number 248 (Thursday, December 27, 2012)]
[Rules and Regulations]
[Page 76215]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-31100]



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  Federal Register / Vol. 77, No. 248 / Thursday, December 27, 2012 / 
Rules and Regulations  

[[Page 76215]]



FARM CREDIT ADMINISTRATION

12 CFR Parts 611, 612, 619, 620, and 630

RIN 3052-AC41


Compensation, Retirement Programs, and Related Benefits; 
Effective Date

AGENCY: Farm Credit Administration.

ACTION: Notice of effective date.

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SUMMARY: The Farm Credit Administration (FCA or Agency), through the 
FCA Board (Board), issued a final rule amending its regulations for 
Farm Credit System banks and associations to require disclosure of 
pension benefit and supplemental retirement plans and a discussion of 
the link between senior officer compensation and performance. In 
accordance with the law, 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.

DATES: Effective Date--Under the authority of 12 U.S.C. 2252, the 
regulation amending 12 CFR parts 611, 612, 619, 620 and 630 published 
on October 3, 2012 (77 FR 60582) is effective December 17, 2012.

    Compliance Date--All provisions of this rule require compliance 30 
days after the effective date, except advisory votes on compensation 
increases under Sec.  611.410(b). Advisory votes on compensation 
increases of 15 percent or more are not required until 2015, using a 
baseline year of 2013.

FOR FURTHER INFORMATION CONTACT: 
Deborah Wilson, Senior Accountant, Office of Regulatory Policy, Farm 
Credit Administration, McLean, Virginia 22102-5090, (703) 883-4498, TTY 
(703) 883-4434, or
Laura McFarland, Senior Counsel, Office of General Counsel, Farm Credit 
Administration, McLean, Virginia 22102-5090, (703) 883-4020, TTY (703) 
883-4020.

SUPPLEMENTARY INFORMATION: The Farm Credit Administration (FCA or 
Agency), through the FCA Board (Board), issued a final rule under parts 
611, 612, 619, 620 and 630 on October 3, 2012 (77 FR 60582) amending 
our regulations for Farm Credit System banks and associations to 
require disclosure of pension benefit and supplemental retirement plans 
and a discussion of the link between senior officer compensation and 
performance. 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 December 17, 2012.
(12 U.S.C. 2252(a)(9) and (10))

    Dated: December 20, 2012.
Dale L. Aultman,
Secretary, Farm Credit Administration Board.
[FR Doc. 2012-31100 Filed 12-26-12; 8:45 am]
BILLING CODE 6705-01-P