97-25978. Federal Agricultural Mortgage Corporation; Receivers and Conservators; Effective Date

[Federal Register Volume 62, Number 190 (Wednesday, October 1, 1997)]
[Rules and Regulations]
[Page 51369]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-25978]



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Federal Register / Vol. 62, No. 190 / Wednesday, October 1, 1997 / 
Rules and Regulations

[[Page 51369]]


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FARM CREDIT ADMINISTRATION

12 CFR Part 650

RIN 3052-AB72


Federal Agricultural Mortgage Corporation; Receivers and 
Conservators; 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 part 650 on August 15, 1997 (62 FR 43633). The final rule amends 
the regulations that apply to the Federal Agricultural Mortgage 
Corporation by adding a subpart to govern a receivership or 
conservatorship. The final rule implements the receivership/
conservatorship authorities granted to the FCA by the Farm Credit 
System Reform Act of 1996, Pub. L. 104-105 (Feb. 10, 1996) and by 
previous law. 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 October 1, 1997.

EFFECTIVE DATE: The regulation amending 12 CFR part 650 published on 
August 15, 1997 (62 FR 43633) is effective October 1, 1997.

FOR FURTHER INFORMATION CONTACT: Larry W. Edwards, Director, Office of 
Secondary Market Oversight, Farm Credit Administration, McLean, VA 
22102-5090, [phone], TDD [phone].

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

    Dated: September 26, 1997.
Floyd Fithian,
Secretary, Farm Credit Administration Board.
[FR Doc. 97-25978 Filed 9-30-97; 8:45 am]
BILLING CODE 6705-01-P