[Federal Register: August 18, 2005 (Volume 70, Number 159)]
[Notices]               
[Page 48519-48534]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr18au05-15]                         

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DEPARTMENT OF AGRICULTURE

Rural Telephone Bank

 
Board Approval of Liquidation and Dissolution of the Bank

AGENCY: Rural Telephone Bank, USDA.

ACTION: Notice of Board approval of liquidation and dissolution of the 
Rural Telephone Bank.

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SUMMARY: In a meeting held August 4, 2005, the Board of Directors 
(Board) of the Rural Telephone Bank (Bank) approved resolutions to 
liquidate and dissolve the Bank, subject to lifting of the current 
statutory restriction limiting the amount of Government-owned Class A 
stock that the Bank can redeem. This notice is being published to 
ensure that all interested parties are informed of the details of the 
resolutions approved by the Board.

FOR FURTHER INFORMATION CONTACT: Jonathan P. Claffey, Assistant 
Secretary, Rural Telephone Bank, STOP 1590--Room 5151, 1400 
Independence Avenue, SW., Washington, DC 20250-1590. Telephone: (202) 
720-9556.

SUPPLEMENTARY INFORMATION: In a special meeting held on March 11, 2005, 
and during its regularly scheduled meeting held on May 4, 2005, the 
Board discussed the possibility of liquidating and dissolving the Bank. 
In its meeting on August 4, 2005, a resolution to liquidate and 
dissolve the Bank was passed unanimously by the Board. The full text of 
the resolution is presented with this notice including two attachments 
referenced within the resolution.

BILLING CODE 3410-15-P

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    Additional information regarding the progress of the liquidation 
and dissolution of the Bank can be found at the Bank's Web site at 
http://www.usda.gov/rus/ telecom/rtb/index--rtb.htm.


    Dated: August 12, 2005.
Jonathan P. Claffey,
Assistant Secretary, Rural Telephone Bank.
[FR Doc. 05-16338 Filed 8-17-05; 8:45 am]

BILLING CODE 3410-15-C