[Federal Register Volume 68, Number 108 (Thursday, June 5, 2003)]
[Rules and Regulations]
[Page 33617]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-14148]


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FARM CREDIT ADMINISTRATION

12 CFR Part 615

RIN 3052-AC05


Funding and Fiscal Affairs, Loan Policies and Operations, and 
Funding Operations; Capital Adequacy; Effective Date

AGENCY: Farm Credit Administration.

ACTION: Notice of effective date.

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SUMMARY: The Farm Credit Administration published a final rule under 
part 615 on April 16, 2003 (68 FR 18532). This final rule amends the 
capital adequacy regulations to add a definition of total liabilities 
for the net collateral ratio calculation, limit the amount of term 
preferred stock that may count as total surplus, clarify the 
circumstances in which we may waive disclosure requirements for an 
issuance of equities by a Farm Credit System institution, and make 
several nonsubstantive technical changes. These amendments update, 
modify, and clarify certain capital requirements. 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 June 5, 2003.

EFFECTIVE DATES: The regulation amending 12 CFR part 615 published on 
April 16, 2003 (68 FR 18532) is effective June 5, 2003.

FOR FURTHER INFORMATION CONTACT: Alan Markowitz, Senior Policy Analyst, 
Office of Policy and Analysis, Farm Credit Administration, McLean, VA 
22102-5090, (703) 883-4498, TTY (703) 883-4434;
or
    Rebecca S. Orlich, Senior Attorney, Office of General Counsel, Farm 
Credit Administration, McLean, VA 22102-5090, (703) 883-4020, TTY (703) 
883-2020.

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


    Dated: June 2, 2003.
Jeanette C. Brinkley,
Secretary, Farm Credit Administration Board.
[FR Doc. 03-14148 Filed 6-4-03; 8:45 am]
BILLING CODE 6705-01-P