[Federal Register Volume 77, Number 245 (Thursday, December 20, 2012)]
[Rules and Regulations]
[Page 75362]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-30804]


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FARM CREDIT ADMINISTRATION

12 CFR Part 615


Funding and Fiscal Affairs, Loan Policies and Operations, and 
Funding Operations

CFR Correction

0
In Title 12 of the Code of Federal Regulations, Parts 600 to 899, 
revised as of January 1, 2012, on page 209, Subpart S, consisting of 
Sec.  615.5570, is reinstated to read as follows:

Subpart S--Federal Agricultural Mortgage Corporation Securities


Sec.  615.5570  Book-entry procedures for Federal Agricultural Mortgage 
Corporation Securities.

    (a) The Federal Agricultural Mortgage Corporation (Farmer Mac) is a 
Federally chartered instrumentality of the United States and an 
institution of the Farm Credit System, subject to the examination and 
regulation of the Farm Credit Administration.
    (b) Farmer Mac, either in its own name or through an affiliate 
controlled or owned by Farmer Mac, is authorized by section 8.6 of the 
Act:
    (1) To issue and/or guarantee the timely payment of principal and 
interest on securities representing interests in or obligations backed 
by pools of agricultural real estate loans (guaranteed securities); and
    (2) To issue debt obligations (which, together with the guaranteed 
securities described in paragraph (b)(1) of this section, are referred 
to as Farmer Mac securities). Farmer Mac may prescribe the forms, the 
denominations, the rates of interest, the conditions, the manner of 
issuance, and the prices of Farmer Mac securities.
    (c) Farmer Mac securities shall be governed by Sec. Sec.  615.5450, 
and 615.5452 through 615.5460. In interpreting those sections for 
purposes of this subpart, unless the context requires otherwise, the 
term ``Farmer Mac securities'' shall be read for ``Farm Credit 
securities,'' and ``Farmer Mac'' shall be read for ``Farm Credit 
banks'' and ``Funding Corporation.'' These terms shall be read as 
though modified where necessary to effectuate the application of the 
designated sections of subpart O of this part to Farmer Mac.


[61 FR 31394, June 20, 1996, as amended at 61 FR 67195, Dec. 20, 1996]

[FR Doc. 2012-30804 Filed 12-19-12; 8:45 am]
BILLING CODE 1505-01-D