2010-13110. Organization; Eligibility and Scope of Financing; Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations; Definitions; and Disclosure to Shareholders; Director Elections; Effective Date

AGENCY:

Farm Credit Administration.

ACTION:

Notice of effective date.

SUMMARY:

The Farm Credit Administration (FCA or Agency), through the FCA Board (Board), issued a final rule under parts 611, 613, 615, 619 and 620 on April 12, 2010 (75 FR 18726) amending FCA's regulations to clarify director election processes and update FCA regulations to incorporate interpretations made through bookletters to Farm Credit System institutions. 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 May 24, 2010.

DATES:

Effective Date: Under the authority of 12 U.S.C. 2252, the regulation amending 12 CFR parts 611, 613, 615, 619 and 620 published on April 12, 2010 (75 FR 18726) is effective May 24, 2010.

FOR FURTHER INFORMATION CONTACT:

Elna Luopa, Senior Corporate Analyst, Office of Regulatory Policy, Farm Credit Administration, McLean, Virginia 22102-5090, [phone], TTY [phone], or

Laura D. McFarland, Senior Counsel, Office of General Counsel, Farm Credit Administration, McLean, Virginia 22102-5090, [phone], TTY [phone].

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

Dated: May 26, 2010.

Roland E. Smith,

Secretary, Farm Credit Administration Board.