Rule2021-26173
Regulatory Capital Rules: Tier 1/Tier 2 Framework
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
December 2, 2021
Effective
October 1, 2021
Issuing agencies
Farm Credit Administration
Abstract
The Farm Credit Administration (FCA) issued a final rule to amend the regulatory capital requirements for Farm Credit System (System or FCS) institutions. The amendments clarified certain provisions in the Tier 1/Tier 2 Capital Framework and codified the guidance provided in an FCA bookletter.
Full Text
<html>
<head>
<title>Federal Register, Volume 86 Issue 229 (Thursday, December 2, 2021)</title>
</head>
<body><pre>
[Federal Register Volume 86, Number 229 (Thursday, December 2, 2021)]
[Rules and Regulations]
[Page 68395]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-26173]
=======================================================================
-----------------------------------------------------------------------
FARM CREDIT ADMINISTRATION
12 CFR Parts 614, 615, 620 and 628
RIN 3052-AD27
Regulatory Capital Rules: Tier 1/Tier 2 Framework
AGENCY: Farm Credit Administration.
ACTION: Notification of effective date.
-----------------------------------------------------------------------
SUMMARY: The Farm Credit Administration (FCA) issued a final rule to
amend the regulatory capital requirements for Farm Credit System
(System or FCS) institutions. The amendments clarified certain
provisions in the Tier 1/Tier 2 Capital Framework and codified the
guidance provided in an FCA bookletter.
DATES: Effective date: The final rule amending 12 CFR parts 614, 615,
620 and 628 published on October 1, 2021 (86 FR 54347), is effective on
January 1, 2022.
FOR FURTHER INFORMATION CONTACT:
Technical information: Jeremy R. Edelstein, <a href="/cdn-cgi/l/email-protection#034667666f7077666a6d49436560622d646c75"><span class="__cf_email__" data-cfemail="387d5c5d544b4c5d515672785e5b59165f574e">[email protected]</span></a>,
Associate Director or Clayton D. Milburn, <a href="/cdn-cgi/l/email-protection#8cc1e5e0eef9fee2cfcceaefeda2ebe3fa"><span class="__cf_email__" data-cfemail="8fc2e6e3edfafde1cccfe9eceea1e8e0f9">[email protected]</span></a>, Senior
Financial Analyst, Finance and Capital Markets Team, Office of
Regulatory Policy, Farm Credit Administration, McLean, VA 22102-5090,
(703) 883-4414, TTY (703) 883-4056 or <a href="/cdn-cgi/l/email-protection#94dbc6c4d9f5fdf8f6fbecd4f2f7f5baf3fbe2"><span class="__cf_email__" data-cfemail="773825273a161e1b15180f3711141659101801">[email protected]</span></a>; or Legal
information: Rebecca S. Orlich, <a href="/cdn-cgi/l/email-protection#b4fbc6d8ddd7dcc6f4d2d7d59ad3dbc2"><span class="__cf_email__" data-cfemail="83ccf1efeae0ebf1c3e5e0e2ade4ecf5">[email protected]</span></a>, Senior Counsel, or
Jennifer A. Cohn, <a href="/cdn-cgi/l/email-protection#40032f282e2a002623216e272f36"><span class="__cf_email__" data-cfemail="5714383f393d1731343679303821">[email protected]</span></a>, Assistant General Counsel, Office of
General Counsel, Farm Credit Administration, McLean, VA 22102-5090,
(703) 883-4020, TTY (703) 883-4056.
SUPPLEMENTARY INFORMATION: On October 1, 2021, FCA issued a final rule
to amend the regulatory capital requirements for System institutions.
The amendments clarified provisions in the Tier 1/Tier 2 Capital
Framework, codified the guidance provided in FCA Bookletter BL-068,
reduced administrative burden, and amended definitions pertaining to
qualified financial contracts. In accordance with 12 U.S.C. 2252(c)(1),
the final rule provided an effective date of the later to occur of
January 1, 2022 or 30 days after the date of rule's 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 January 1, 2022.
Dated: November 29, 2021.
Ashley Waldron,
Secretary, Farm Credit Administration.
[FR Doc. 2021-26173 Filed 12-1-21; 8:45 am]
BILLING CODE 6705-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on December 2, 2021.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.