Proposed Rule2023-06239
Federal Agricultural Mortgage Corporation Funding and Fiscal Affairs; Risk-Based Capital Requirements
Primary source
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Published
March 27, 2023
Issuing agencies
Farm Credit Administration
Abstract
The Farm Credit Administration (FCA) Board extends the comment period on the Advanced Notice of Proposed Rulemaking (ANPRM) seeking public comment on whether and how FCA should amend and strengthen the regulatory capital framework for the Federal Agricultural Mortgage Corporation (Farmer Mac or Corporation), so that interested parties will have additional time to provide comments.
Full Text
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<title>Federal Register, Volume 88 Issue 58 (Monday, March 27, 2023)</title>
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[Federal Register Volume 88, Number 58 (Monday, March 27, 2023)]
[Proposed Rules]
[Page 18098]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-06239]
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FARM CREDIT ADMINISTRATION
12 CFR Part 652
RIN 3052-AD51
Federal Agricultural Mortgage Corporation Funding and Fiscal
Affairs; Risk-Based Capital Requirements
AGENCY: Farm Credit Administration.
ACTION: Advanced notice of proposed rulemaking; extension of comment
period.
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SUMMARY: The Farm Credit Administration (FCA) Board extends the comment
period on the Advanced Notice of Proposed Rulemaking (ANPRM) seeking
public comment on whether and how FCA should amend and strengthen the
regulatory capital framework for the Federal Agricultural Mortgage
Corporation (Farmer Mac or Corporation), so that interested parties
will have additional time to provide comments.
DATES: You may send comments on the ANPRM on or before April 26, 2023.
ADDRESSES: For accuracy and efficiency reasons, FCA encourages
commenters to submit comments by email or through the FCA's website. As
facsimiles (fax) are difficult to process and achieve compliance with
section 508 of the Rehabilitation Act, comments submitted by fax are
not accepted. Regardless of the method used, please do not submit
comments multiple times via different methods. Comments may be
submitted by any of the following methods:
<bullet> Email: Send an email to <a href="/cdn-cgi/l/email-protection#e3918684ce808c8e8ea3858082cd848c95"><span class="__cf_email__" data-cfemail="b6c4d3d19bd5d9dbdbf6d0d5d798d1d9c0">[email protected]</span></a>.
<bullet> FCA website: <a href="http://www.fca.gov">http://www.fca.gov</a>. Click inside the ``I want
to . . .'' field near the top of the page; select ``comment on a
pending regulation'' from the dropdown menu; and click ``Go.'' This
takes you to an electronic public comment form.
<bullet> Mail: Joseph T. Connor, Acting Director, Office of
Secondary Market Oversight, Farm Credit Administration, 1501 Farm
Credit Drive, McLean, VA 22102-5090.
FCA posts all comments on the FCA website. FCA shows comments as
submitted, including any supporting data provided, but for technical
reasons may omit items such as logos and special characters.
Identifying information that you provide, such as phone numbers and
addresses, will be publicly available. However, FCA will attempt to
remove email addresses to help reduce internet spam.
Copies of all comments received may be reviewed on the FCA website
at <a href="http://www.fca.gov">http://www.fca.gov</a>. Once on the website, click inside the ``I want
to . . .'' field near the top of the page; select ``find comments on a
pending regulation'' from the dropdown menu; and click ``Go.'' This
will take you to the Comment Letters page where you can select the
regulation for which you would like to read the public comments. You
may also review comments at the FCA office in McLean, Virginia. Please
call us at (703) 883-4056 or email us at <a href="/cdn-cgi/l/email-protection#dba9bebcf6b8b4b6b69bbdb8baf5bcb4ad"><span class="__cf_email__" data-cfemail="d0a2b5b7fdb3bfbdbd90b6b3b1feb7bfa6">[email protected]</span></a> to make an
appointment.
FOR FURTHER INFORMATION CONTACT: Joseph T. Connor, <a href="/cdn-cgi/l/email-protection#5e3d313030312c341e383d3f70393128"><span class="__cf_email__" data-cfemail="a9cac6c7c7c6dbc3e9cfcac887cec6df">[email protected]</span></a>,
Acting Director, Office of Secondary Market Oversight, Farm Credit
Administration, McLean, VA 22102-5090, (703) 883-4280, TTY (703) 883-
4056, or Andra Grossman, <a href="/cdn-cgi/l/email-protection#b3d4c1dcc0c0ded2ddd2f3d5d0d29dd4dcc5"><span class="__cf_email__" data-cfemail="5f382d302c2c323e313e1f393c3e71383029">[email protected]</span></a>, Attorney Advisor, or
Jennifer Cohn, <a href="/cdn-cgi/l/email-protection#c6a5a9aea8ac86a0a5a7e8a1a9b0"><span class="__cf_email__" data-cfemail="73101c1b1d19331510125d141c05">[email protected]</span></a>, Assistant General Counsel, Office of the
General Counsel, Farm Credit Administration, McLean, VA 22102-5090,
(703) 883-4020, TTY (703) 883-4056.
SUPPLEMENTARY INFORMATION: On January 24, 2023, FCA published an ANPRM
in the Federal Register seeking comments from the public on whether and
how to amend and strengthen the regulatory capital framework in
furtherance of Farmer Mac's safe and sound operations and its role in
promoting affordable and sustainable access to credit in agricultural
and rural communities. The comment period is scheduled to expire on
March 27, 2023. The Farm Credit Council, on behalf of Farm Credit
System banks and associations, has requested more time for comments to
be submitted and specifically asked for an additional 30 days. In
response to this request, FCA is extending the comment period for an
additional 30 days. The FCA supports public involvement and
participation in its regulatory process and invites all interested
parties to review and provide comments on the proposed rule.
Authority: Secs. 4.12, 5.9, 5.17, 8.11, 8.31, 8.32, 8.33, 8.34,
8.35, 8.36, 8.37, 8.41 of the Farm Credit Act (12 U.S.C. 2183, 2243,
2252, 2279aa-11, 2279bb, 2279bb-1, 2279bb-2, 2279bb-3, 2279bb-4,
2279bb-5, 2279bb-6, 2279cc); sec. 514 of Pub. L. 102-552, 106 Stat.
4102; sec. 118 of Pub. L. 104-105, 110 Stat. 168; sec. 939A of Pub.
L. 111-203, 124 Stat. 1326, 1887 (15 U.S.C. 78o-7 note) (July 21,
2010).
Dated: January 22, 2023.
Ashley Waldron,
Secretary, Farm Credit Administration Board.
[FR Doc. 2023-06239 Filed 3-24-23; 8:45 am]
BILLING CODE 6705-01-P
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