[Federal Register Volume 71, Number 29 (Monday, February 13, 2006)]
[Proposed Rules]
[Page 7446]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-1959]


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FARM CREDIT ADMINISTRATION

12 CFR Parts 652 and 655

RIN 3052-AC17


Federal Agricultural Mortgage Corporation Funding and Fiscal 
Affairs; Federal Agricultural Mortgage Corporation Disclosure and 
Reporting Requirements; Risk-Based Capital Requirements

ACTION: Proposed rule; comment period extension.

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SUMMARY: The Farm Credit Administration (FCA) Board extends the comment 
period on the proposed rule that would revise risk-based capital 
requirements for the Federal Agricultural Mortgage Corporation (Farmer 
Mac or Corporation) to April 17, 2006, so that interested parties will 
have additional time to provide comments.

DATES: Please send your comments to us on or before April 17, 2006.

ADDRESSES: You may mail or deliver comments to Robert Coleman, 
Director, Office of Secondary Market Oversight, Farm Credit 
Administration, 1501 Farm Credit Drive, McLean, Virginia 22102-5090, or 
send them by facsimile transmission to (703) 883-4477. You may also 
submit your comments by electronic mail to [email protected], or through 
the Pending Regulations section of our Web site at http://www.fca.gov, 
or through the Government-wide Web site http://www.regulations.gov.
    You may review copies of comments we receive at our office in 
McLean, Virginia, or from our Web site at http://www.fca.gov. Once you 
are in the Web site, select ``Legal Info,'' and then select ``Public 
Comments.'' We will show your comments as submitted, but for technical 
reasons we may omit items such as logos and special characters. 
Identifying information you provide, such as phone numbers and 
addresses, will be publicly available. However, we will attempt to 
remove electronic-mail addresses to help reduce Internet spam.

FOR FURTHER INFORMATION CONTACT:
Joseph T. Connor, Associate Director for Policy and Analysis, Office of 
Secondary Market Oversight, Farm Credit Administration, McLean, VA 
22102-5090, (703) 883-4280, TTY (703) 883-4434; or
Rebecca S. Orlich, Senior Counsel, Office of General Counsel, Farm 
Credit Administration, McLean, VA 22102-5090, (703) 883-4020, TDY (703) 
883-4020.

SUPPLEMENTARY INFORMATION: On November 17, 2005, FCA published a 
proposed rule in the Federal Register to amend regulations in parts 652 
and 655 that establish a risk-based capital stress test for the 
Corporation as required by section 8.32 of the Farm Credit Act of 1971, 
as amended (12 U.S.C. 2279bb-1). See 70 FR 69692, November 17, 2005. 
The comment period is scheduled to expire on February 15, 2006. Farmer 
Mac has requested us to extend the comment period for at least an 
additional 60 days. In response to this request, we are extending the 
comment period until April 17, 2006. 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.

    Dated: February 7, 2006.
Roland E. Smith,
Secretary, Farm Credit Administration Board.
 [FR Doc. E6-1959 Filed 2-10-06; 8:45 am]
BILLING CODE 6705-01-P