96-526. Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations; Disclosure to Shareholders; Director Elections; Effective Date

[Federal Register Volume 61, Number 13 (Friday, January 19, 1996)]
[Rules and Regulations]
[Page 1274]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-526]



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FARM CREDIT ADMINISTRATION

12 CFR Parts 615 and 620

RIN 3052-AB60


Funding and Fiscal Affairs, Loan Policies and Operations, and 
Funding Operations; Disclosure to Shareholders; Director Elections; 
Effective Date

AGENCY: Farm Credit Administration.

ACTION: Notice of effective date.

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SUMMARY: The Farm Credit Administration (FCA) published a final 
regulation under parts 615 and 620 on November 24, 1995 (60 FR 57919). 
The final regulation relates to the implementation of cooperative 
principles to allow greater flexibility in the method by which 
directors of Farm Credit System associations and banks for cooperatives 
are elected, consistent with cooperative principles. The final 
amendments permit regional election of directors. 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 January 2, 1996.

EFFECTIVE DATE: The regulation amending 12 CFR parts 615 and 620 
published on November 24, 1995 (60 FR 57919) is effective January 2, 
1996.

FOR FURTHER INFORMATION CONTACT:

John J. Hays, Policy Analyst, Regulation Development, Office of 
Examination, Farm Credit Administration, McLean, Virginia 22102-5090, 
[phone], TDD [phone],

    or

Rebecca S. Orlich, Senior Attorney, Regulatory Operations Division, 
Office of General Counsel, Farm Credit Administration, McLean, Virginia 
22102-5090, [phone], TDD [phone].

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

    Dated: January 11, 1996.
Floyd Fithian,
Secretary, Farm Credit Administration Board.
[FR Doc. 96-526 Filed 1-18-96; 8:45 am]
BILLING CODE 6705-01-P