[Federal Register Volume 86, Number 2 (Tuesday, January 5, 2021)]
[Rules and Regulations]
[Page 223]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-27191]



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Rules and Regulations
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains regulatory documents 
having general applicability and legal effect, most of which are keyed 
to and codified in the Code of Federal Regulations, which is published 
under 50 titles pursuant to 44 U.S.C. 1510.

The Code of Federal Regulations is sold by the Superintendent of Documents. 

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Federal Register / Vol. 86, No. 2 / Tuesday, January 5, 2021 / Rules 
and Regulations

[[Page 223]]



FARM CREDIT ADMINISTRATION

12 CFR Part 620

RIN 3052-AD37


District Financial Reporting

AGENCY: Farm Credit Administration.

ACTION: Notification of effective date.

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SUMMARY: The Farm Credit Administration (FCA or we) is amending our 
regulations governing how a Farm Credit bank presents information on 
its related associations when preparing annual bank financial 
statements on a stand-alone basis. The final rule provides two 
presentation options when disclosing related association financial 
information in an annual bank report: By footnote or attached in a 
supplement.

DATES: The regulation amending 12 CFR part 620 published on October 8, 
2020 (85 FR 63428) is effective on December 4, 2020.

FOR FURTHER INFORMATION CONTACT:
    Technical information: Joi Neal, Senior Accountant, Office of 
Regulatory Policy, (703) 883-4223, TTY (703) 883-4056, <a href="/cdn-cgi/l/email-protection#127c77737e78527471733c757d64"><span class="__cf_email__" data-cfemail="8be5eeeae7e1cbede8eaa5ece4fd">[email protected]</span></a>.
    Legal information: Laura McFarland, Senior Counsel, Office of 
General Counsel, (703) 883-4020, TTY (703) 883-4056, 
<a href="/cdn-cgi/l/email-protection#c8a5abaea9baa4a9a6aca488aeaba9e6afa7be"><span class="__cf_email__" data-cfemail="86ebe5e0e7f4eae7e8e2eac6e0e5e7a8e1e9f0">[email protected]</span></a>.

SUPPLEMENTARY INFORMATION: On October 8, 2020, FCA issued a final rule 
to improve shareholder access to district financial information by 
providing an additional method of presenting financial information on a 
bank's related associations to those banks preparing annual financial 
statements on a stand-alone basis.
    In accordance with 12 U.S.C. 2252(c)(1), the effective date of the 
rule is no earlier than 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 regulation is December 4, 2020.

    Dated: December 7, 2020.
Dale Aultman,
Secretary, Farm Credit Administration Board.
[FR Doc. 2020-27191 Filed 1-4-21; 8:45 am]
BILLING CODE 6705-01-P


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