[Federal Register Volume 73, Number 59 (Wednesday, March 26, 2008)]
[Proposed Rules]
[Page 15955]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-6197]


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FARM CREDIT ADMINISTRATION

12 CFR Part 615

RIN 3052-AC25


Funding and Fiscal Affairs, Loan Policies and Operations, and 
Funding Operations; Capital Adequacy--Basel Accord

AGENCY: Farm Credit Administration.

ACTION: Advance notice of proposed rulemaking (ANPRM); extension of 
comment period.

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SUMMARY: The Farm Credit Administration (FCA, Agency or we) is 
extending the comment period on our ANPRM that seeks comments to 
facilitate the development of enhancements to our regulatory capital 
framework to more closely align minimum capital requirements with risks 
taken by Farm Credit System (FCS or System) institutions. We are 
extending the comment period so all interested parties will have 
additional time to provide comments.

DATES: You may send comments on or before December 31, 2008.

ADDRESSES: We offer several methods for the public to submit comments. 
For accuracy and efficiency reasons, commenters are encouraged to 
submit comments by e-mail or through the Agency's Web site or the 
Federal eRulemaking Portal. Regardless of the method you use, please do 
not submit your comments multiple times via different methods. You may 
submit comments by any of the following methods:
     E-mail: Send us an e-mail at: [email protected].
     Agency Web site: http://www.fca.gov. Select ``Legal 
Info,'' then ``Pending Regulations and Notices.''
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Mail: Gary K. Van Meter, Deputy Director, Office of 
Regulatory Policy, Farm Credit Administration, 1501 Farm Credit Drive, 
McLean, VA 22102-5090.
     Fax: (703) 883-4477. Posting and processing of faxes may 
be delayed, as faxes are difficult for us to process and achieve 
compliance with section 508 of the Rehabilitation Act. Please consider 
another means to comment, if possible.
    You may review copies of comments we receive at our office in 
McLean, Virginia, or on 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 that you provide, such as phone numbers and 
addresses, will be publicly available. However, we will attempt to 
remove e-mail addresses to help reduce Internet spam.

FOR FURTHER INFORMATION CONTACT:
Laurie Rea, Associate Director, Office of Regulatory Policy, Farm 
Credit Administration, McLean, VA 22102-5090, (703) 883-4232, TTY (703) 
883-4434, or
Wade Wynn, Policy Analyst, Office of Regulatory Policy, Farm Credit 
Administration, McLean, VA 22102-5090, (703) 883-4262, 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.

SUPPLEMENTARY INFORMATION: On October 31, 2007, FCA published a notice 
in the Federal Register seeking public comment to facilitate the 
development of a proposed rule that would enhance our regulatory 
capital framework and more closely align minimum capital requirements 
with risks taken by System institutions. See 72 FR 61568. The comment 
period is scheduled to expire on March 31, 2008. In a letter dated 
March 4, 2008, the Federal Farm Credit Banks Funding Corporation, on 
behalf of the System banks and associations, requested that the Agency 
extend the comment period until December 31, 2008. In view of the 
number and the complexity of the questions asked in the ANPRM, we have 
granted this request. The FCA supports public involvement and 
participation in its regulatory process and invites all interested 
parties to review and provide comments on our ANPRM.

    Dated: March 21, 2008.
Roland E. Smith,
Secretary, Farm Credit Administration Board.
 [FR Doc. E8-6197 Filed 3-25-08; 8:45 am]
BILLING CODE 6705-01-P