FARM CREDIT ADMINISTRATION

12 CFR Parts 611, 613, 614, 620, 621, and 627

RIN 3052ÄAB32

Organization; Eligibility and Scope of Financing; Loan Policies and
Operations; Disclosure to Shareholders; Accounting and Reporting Requirements;
Title V Conservators and Receivers; Effective Date

AGENCY: Farm Credit Administration.

ACTION: Notice of effective date.

SUMMARY: The Farm Credit Administration (FCA) published a final regulation
under parts 611, 613, 614, 620, 621, and 627 on September 20, 1993 (58 FR
48780). The final regulation amends 12 CFR parts 611, 613, 614, 620, 621, and
627 to update existing accounting and reporting requirements, promote
consistency with industry practices pertaining to problem loan accounting and
reporting issues, and to ensure that the regulatory requirements and standards
of 12 CFR part 621 are consistent with those of generally accepted accounting
practices. Technical and conforming changes are made at 12 CFR parts 611, 613,
614, 620, and 627. 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 31, 1993.

EFFECTIVE DATE: The regulation amending 12 CFR parts 611, 613, 614, 620, 621,
and 627, published on September 20, 1993 (58 FR 48780) is effective December
31, 1993.

FOR FURTHER INFORMATION CONTACT:

Linda C. Sherman, Policy Analyst, Regulation Development Division, Office of
Examination, Farm Credit Administration, McLean, Virginia 22102Ä5090, (703)
883Ä4498, TDD (703) 883Ä4444,

or

William L. Larsen, Senior Attorney, Regulatory Operations Division, Office of
General Counsel, Farm Credit Administration, McLean, Virginia 22102Ä5090,
(703) 883Ä4020, TDD (703) 883Ä4444.

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

Dated: December 16, 1993.

Curtis M. Anderson,

Secretary, Farm Credit Administration Board.

[FR Doc. 93Ä31280 Filed 12Ä21Ä93; 8:45 am]

BILLING CODE 6705Ä01ÄP