[Federal Register Volume 63, Number 185 (Thursday, September 24, 1998)]
[Notices]
[Pages 51069-51070]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-25503]


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FARM CREDIT ADMINISTRATION


Farmer Mac Risk-Based Capital

AGENCY: Farm Credit Administration.

ACTION: Notice of availability of study; comment period extension.

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SUMMARY: On July 28, 1998, the Farm Credit Administration (FCA) 
published for public comment a Notice of Availability of Study 
concerning procedures for estimating the historical default and loss 
experience on agricultural real estate loans that meet the Federal 
Agricultural Mortgage Corporation (Farmer Mac) eligibility criteria, a 
required component of a risk-based capital standard. See 63 FR 40282, 
July 28, 1998. The comment period expired on September 15, 1998. In 
order to allow interested parties additional time to respond the FCA 
extends the comment period until January 4, 1999, and invites further 
public comment on the notice of availability.

DATES: Written comments should be received on or before January 4, 
1999.

ADDRESSES: You may obtain a copy of the study by downloading from the 
FCA web page at www.fca.gov; or by submitting an electronic mail 
request for a copy to [email protected]; or by contacting George D. 
Irwin, Director, Office of Secondary Market Oversight, Farm Credit 
Administration, 1501 Farm Credit Drive, McLean, VA 22102-5090, (703) 
883-4280.
    Submit your comments via electronic mail to ``[email protected]'' or 
in hard copy to George D. Irwin, Director, Office of Secondary Market 
Oversight, Farm Credit Administration, 1501 Farm Credit Drive, McLean, 
VA 22102-5090. Copies of all comments received will be available for 
review by interested parties at the Farm Credit Administration offices 
in McLean, Virginia.

FOR FURTHER INFORMATION CONTACT: George D. Irwin, Director, Office of 
Secondary Market Oversight, Farm Credit Administration, 1501 Farm 
Credit Drive, McLean, VA 22102-5090, (703) 883-4280, TDD (703) 883-
4444.

SUPPLEMENTARY INFORMATION: On July 28, 1998, the FCA published a notice 
in the Federal Register that sought information and guidance from the 
public that may offer (1) Information that leads to additional relevant 
data sources; (2) suggestions that might improve use of the study in 
developing risk-based capital regulations; and (3) any other ideas that 
might lead to an improved credit risk component in the risk-based 
capital regulation being developed for Farmer Mac.

[[Page 51070]]

    The FCA cautioned commenters that this study is based on currently 
available data, which we have found to be very limited. The FCA is 
making the study available at this time solely for informational 
purposes and to seek additional input. FCA may elect to use alternative 
approaches in developing the credit risk component of the risk-based 
capital regulations.
    Several interested parties have advised the FCA that they need 
additional time to prepare thoughtful responses to the notice of 
availability. For this reason, the FCA hereby extends the comment 
period until January 4, 1999.

    Dated: September 17, 1998.
Floyd Fithian,
Secretary, Farm Credit Administration Board.
[FR Doc. 98-25503 Filed 9-23-98; 8:45 am]
BILLING CODE 6705-01-M