Federal Agricultural Mortgage Corporation; Receivers and Conservators; Effective Date

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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.