Federal Register: January 11, 2007 (Volume 72, Number 7)
DOCID: fr11ja07-4 FR Doc E7-214
FARM CREDIT ADMINISTRATION
Farm Credit Administration
CFR Citation: 12 CFR Part 611
RIN ID: RIN 3052-AC29
NOTICE: RULES
DOCID: fr11ja07-4
ACTION: Farm credit system:
DOCUMENT ACTION: Notice of effective date.
SUBJECT CATEGORY:
Organization; Termination of System Institution Status; Effective Date
EFFECTIVE DATES: The regulation amending 12 CFR part 611, published on August 4, 2006 (71 FR 44410) is effective January 4, 2007.
DOCUMENT SUMMARY:
The Farm Credit Administration (FCA) published a final rule under part 611 on August 4, 2006 (71 FR 44410). This final rule updates the termination procedures for Farm Credit System banks and associations under sections 7.9, 7.10 and 7.11 of the Farm Credit Act of 1971, as amended, ensures that interested parties have sufficient time and opportunities to be fully informed about a termination proposal, and ensures that a significant proportion of equity holders are engaged in the termination process. 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 4, 2007.
SUMMARY:
System institution status; termination; effective date,
FOR FURTHER INFORMATION CONTACT
Thomas Dalton, Senior Staff Accountant, Office of Policy and Analysis,
Farm Credit Administration, McLean, VA 221025090, (703) 8834498, TTY (703) 8834434;
or
Rebecca S. Orlich, Senior Counsel, Office of General Counsel, Farm [[Page 1277]]
Credit Administration, McLean, VA 221025090, (703) 8834020, TTY (703) 8834020.
(12 U.S.C. 2252(a)(9) and (10))
Dated: January 5, 2007.
James M. Morris,
Acting Secretary, Farm Credit Administration Board.
[FR Doc. E7214 Filed 11007; 8:45 am]
BILLING CODE 670501P