[Federal Register Volume 72, Number 63 (Tuesday, April 3, 2007)]
[Rules and Regulations]
[Page 15812]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-6076]


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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; 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 parts 652 and 655 on December 26, 2006 (71 FR 77247). This final 
rule is intended to more accurately reflect risk in the risk-based 
capital stress test (RBCST) in order to improve the RBCST's output--
Federal Agricultural Mortgage Corporation's regulatory minimum risk-
based capital level. 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 March 31, 2007.

DATES: Effective Date: The regulation amending 12 CFR parts 652 and 
655, published on December 26, 2006 (71 FR 77247) is effective March 
31, 2007.

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, TTY (703) 883-4020.

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

    Dated: March 28, 2007.
Roland E. Smith,
Secretary, Farm Credit Administration Board.
[FR Doc. E7-6076 Filed 4-2-07; 8:45 am]
BILLING CODE 6705-01-P