Rolnictwo i finanse · 6.09.1994

Organization; General Provisions; Disclosure to Shareholders; Effective Date

The Farm Credit Administration (FCA) published a final regulation under parts 611, 618, and 620 on July 22, 1994 (59 FR 37406). The final regulation amends 12 CFR parts 611, 618, and 620 to reflect changes to the Farm Credit Act of 1971 made by the Farm Credit Banks Safety and Soundness Act of 1992, and amends the annual report disclosure rules for director reimbursable expenses to address concerns raised by Farm Credit banks regarding the equity and regulatory burden of the existing rule. Additionally, the regulation amends the disclosure requirements for senior officer compensation to make the disclosures more informative and useful to shareholders. 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 August 22, 1994.