Organization; Standards of Conduct and Referral of Known or Suspected Criminal Violations; Loan Policies and Operations; Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations; Disclosure to Shareholders; Preferred Stock; Effective Date, 67901 [05-22276]

Download as PDF 67901 Rules and Regulations Federal Register Vol. 70, No. 216 Wednesday, November 9, 2005 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. Prices of new books are listed in the first FEDERAL REGISTER issue of each week. FARM CREDIT ADMINISTRATION 12 CFR Parts 611, 612, 614, 615, and 620 RIN 3052–AC21 Organization; Standards of Conduct and Referral of Known or Suspected Criminal Violations; Loan Policies and Operations; Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations; Disclosure to Shareholders; Preferred Stock; Effective Date Farm Credit Administration. Notice of effective date. AGENCY: ACTION: 15:11 Nov 08, 2005 Jkt 208001 Authority: 12 U.S.C. 2252(a)(9) and (10). Dated: November 3, 2005. Jeanette C. Brinkley, Secretary, Farm Credit Administration Board. [FR Doc. 05–22276 Filed 11–8–05; 8:45 am] BILLING CODE 6705–01–P SUMMARY: The Farm Credit Administration (FCA) published a final rule under parts 611, 612, 614, 615, and 620 on September 13, 2005 (70 FR 53901). This final rule amends our regulations governing preferred stock issued by Farm Credit System (FCS or System) banks, associations, and service corporations. This final rule requires greater board involvement and oversight in the retirement of preferred stock, enhances FCA’s current standards of conduct regulations to specifically address insider preferred stock transactions, modifies and streamlines the FCA review and clearance process, and requires disclosure of senior officer and director preferred stock transactions. Lastly, we add a new provision to require FCA prior approval of investments by FCS banks, associations, and service corporations in preferred stock of other System institutions, including the Federal Agricultural Mortgage Corporation. 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 regulation is November 3, 2005. VerDate Aug<31>2005 The regulation amending 12 CFR parts 611, 612, 614, 615, and 620 published on September 13, 2005 (70 FR 53901) is effective November 3, 2005, except for the amendments to §§ 612.2165(b)(12)–(15), 615.5245(a), and 615.5270(d). An announcement of an effective date for these sections will be published at a later date. FOR FURTHER INFORMATION CONTACT: Dennis K. Carpenter, Senior Policy Analyst, Office of Regulatory Policy, Farm Credit Administration, McLean, VA 22102–5090, (703) 883–4498, TTY (703) 883–4434; or Howard Rubin, Senior Attorney, Office of General Counsel, Farm Credit Administration, McLean, VA 22102–5090, (703) 883– 4020, TTY (703) 883–4020. EFFECTIVE DATE: DEPARTMENT OF TRANSPORTATION Federal Aviation Administration 14 CFR Part 39 [Docket No. FAA–2005–22712; Directorate Identifier 2005–NE–24–AD; Amendment 39– 14367; AD 2005–23–09] RIN 2120–AA64 Airworthiness Directives; General Electric Company (GE) CF6–80E1A1, –80E1A2, –80E1A3, –80E1A4, and –80E1A4/B Turbofan Engines Federal Aviation Administration (FAA), Department of Transportation (DOT). ACTION: Final rule; request for comments. AGENCY: SUMMARY: The FAA is adopting a new airworthiness directive (AD) for General Electric Company (GE) CF6–80E1A1, –80E1A2, –80E1A3, –80E1A4, and –80E1A4/B turbofan engines. This AD requires initial and repetitive fluorescent-penetrant inspections (FPI) of certain areas of high pressure compressor (HPC) cases, part number (P/N) 1509M97G07 and P/N 2083M69G03. This AD results from the discovery that HPC cases, P/N PO 00000 Frm 00001 Fmt 4700 Sfmt 4700 1509M97G07 and P/N 2083M69G03, were inadvertently left out of the Airworthiness Limitations Section (ALS), Chapter 05–21–02, of GE Engine Manual, GEK 99376, Revision 17. We are issuing this AD to prevent failure of the HPC case aft mount flange, due to cracking. DATES: This AD becomes effective November 25, 2005. We must receive any comments on this AD by January 9, 2006. ADDRESSES: Use one of the following addresses to comment on this AD: • DOT Docket Web site: Go to https://dms.dot.gov and follow the instructions for sending your comments electronically. • Government-wide rulemaking Web site: Go to https://www.regulations.gov and follow the instructions for sending your comments electronically. • Mail: Docket Management Facility; U.S. Department of Transportation, 400 Seventh Street, SW., Nassif Building, Room PL–401, Washington, DC 20590– 0001. • Fax: (202) 493–2251. • Hand Delivery: Room PL–401 on the plaza level of the Nassif Building, 400 Seventh Street, SW., Washington, DC, between 9 a.m. and 5 p.m., Monday through Friday, except Federal holidays. FOR FURTHER INFORMATION CONTACT: James Lawrence, Aerospace Engineer, Engine Certification Office, FAA, Engine and Propeller Directorate, 12 New England Executive Park, Burlington, MA 01803–5299; telephone (781) 238–7176, fax (781) 238–7199. SUPPLEMENTARY INFORMATION: In 2003, GE introduced a new stage 5 variable stator vane system, through Service Bulletin (SB) No. CF6–80E1 72–0237, dated January 21, 2003. To accommodate this system, GE SB No. CF6–80E1 72–0240, dated January 17, 2003, required reworking HPC case, P/ N 1509M97G05, to P/N 2083M69G03. All HPC cases are supposed to have cyclic limits and inspection intervals specified in the ALS, Chapter 05–21–02, of GE Engine Manual, GEK 99376, Revision 17. GE inadvertently left HPC cases P/N 1509M97G07 and P/N 2083M69G03 out of that GE Engine Manual ALS. GE’s and FAA’s intent is that all HPC cases must be inspected for cracking at the first hole in the aft flange above and below each horizontal split line flange. Currently, inspections of HPC cases P/N 1509M97G07 and P/N E:\FR\FM\09NOR1.SGM 09NOR1

Agencies

Farm Credit Administration

[Federal Register Volume 70, Number 216 (Wednesday, November 9, 2005)]
[Rules and Regulations]
[Page 67901]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-22276]



========================================================================
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. 
Prices of new books are listed in the first FEDERAL REGISTER issue of each 
week.

========================================================================


Federal Register / Vol. 70, No. 216 / Wednesday, November 9, 2005 / 
Rules and Regulations

[[Page 67901]]



FARM CREDIT ADMINISTRATION

12 CFR Parts 611, 612, 614, 615, and 620

RIN 3052-AC21


Organization; Standards of Conduct and Referral of Known or 
Suspected Criminal Violations; Loan Policies and Operations; Funding 
and Fiscal Affairs, Loan Policies and Operations, and Funding 
Operations; Disclosure to Shareholders; Preferred Stock; Effective Date

AGENCY: Farm Credit Administration.

ACTION: Notice of effective date.

-----------------------------------------------------------------------

SUMMARY: The Farm Credit Administration (FCA) published a final rule 
under parts 611, 612, 614, 615, and 620 on September 13, 2005 (70 FR 
53901). This final rule amends our regulations governing preferred 
stock issued by Farm Credit System (FCS or System) banks, associations, 
and service corporations. This final rule requires greater board 
involvement and oversight in the retirement of preferred stock, 
enhances FCA's current standards of conduct regulations to specifically 
address insider preferred stock transactions, modifies and streamlines 
the FCA review and clearance process, and requires disclosure of senior 
officer and director preferred stock transactions. Lastly, we add a new 
provision to require FCA prior approval of investments by FCS banks, 
associations, and service corporations in preferred stock of other 
System institutions, including the Federal Agricultural Mortgage 
Corporation. 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 regulation is November 3, 2005.

EFFECTIVE DATE: The regulation amending 12 CFR parts 611, 612, 614, 
615, and 620 published on September 13, 2005 (70 FR 53901) is effective 
November 3, 2005, except for the amendments to Sec. Sec.  
612.2165(b)(12)-(15), 615.5245(a), and 615.5270(d). An announcement of 
an effective date for these sections will be published at a later date.

FOR FURTHER INFORMATION CONTACT: Dennis K. Carpenter, Senior Policy 
Analyst, Office of Regulatory Policy, Farm Credit Administration, 
McLean, VA 22102-5090, (703) 883-4498, TTY (703) 883-4434; or Howard 
Rubin, Senior Attorney, Office of General Counsel, Farm Credit 
Administration, McLean, VA 22102-5090, (703) 883-4020, TTY (703) 883-
4020.

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

    Dated: November 3, 2005.
Jeanette C. Brinkley,
Secretary, Farm Credit Administration Board.
[FR Doc. 05-22276 Filed 11-8-05; 8:45 am]
BILLING CODE 6705-01-P

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