[Federal Register Volume 66, Number 100 (Wednesday, May 23, 2001)]
[Rules and Regulations]
[Page 28361]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-13071]


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FARM CREDIT ADMINISTRATION

12 CFR Part 650

RIN 3052-AB56


Federal Agricultural Mortgage Corporation; Risk-Based Capital 
Requirements; Effective Date

AGENCY: Farm Credit Administration.

ACTION: Notice of effective date.

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SUMMARY: The Farm Credit Administration (FCA) published a final rule 
under part 650 on April 12, 2001 (66 FR 19048). In this final rule, we 
amended our regulations, through the Office of Secondary Market 
Oversight (OSMO), by establishing risk-based capital regulations for 
the Federal Agricultural Mortgage Corporation (Farmer Mac). The final 
rule in part 650 sets forth the risk-based capital regulations for 
Farmer Mac, including definitions, methods, parameters and guidelines 
for developing and implementing the risk-based capital stress test; 
specifies capital calculation, reporting, and compliance requirements; 
and delineates our monitoring, examination, supervisory, and 
enforcement activities with respect to Farmer Mac's compliance with the 
rule's risk-based capital requirements; and prescribes certain 
requirements for business and capital planning. 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 regulations is May 23, 2001.

EFFECTIVE DATE: The regulation amending 12 CFR part 650 published on 
April 12, 2001 (66 FR 19048) is effective May 23, 2001.

FOR FURTHER INFORMATION CONTACT:
Carl A. Clinefelter, Director, Office of Secondary Market Oversight, 
Farm Credit Administration, McLean, VA 22102-5090, (703) 883-4280, TDD 
(703) 883-4444, or

Dennis K. Carpenter, Senior Policy Analyst, Office of Policy and 
Analysis, Farm Credit Administration, McLean, VA 22102-5090, (703) 883-
4498, TDD (703) 883-4444, or

Joy Strickland, Senior Counsel, Office of General Counsel, Farm Credit 
Administration, McLean, VA 22102-5090, (703) 883-4020, TDD (703) 883-
4444.

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

    Dated: May 18, 2001.
Kelly Mikel Williams,
Secretary, Farm Credit Administration Board.
[FR Doc. 01-13071 Filed 5-22-01; 8:45 am]
BILLING CODE 6705-01-U