[Federal Register Volume 79, Number 12 (Friday, January 17, 2014)]
[Rules and Regulations]
[Pages 3071-3072]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-00892]


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FARM CREDIT ADMINISTRATION

12 CFR Part 652

RIN 3052-AC80


Federal Agricultural Mortgage Corporation Funding and Fiscal 
Affairs; Farmer Mac Capital Planning

AGENCY: Farm Credit Administration.

ACTION: Notice of effective date.

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SUMMARY: The Farm Credit Administration (FCA or we) adopted a final 
rule that amends regulations governing operational and strategic 
planning of the Federal Agricultural Mortgage Corporation (Farmer Mac). 
Among other things, the final rule requires Farmer Mac to submit a 
capital plan to the Office of Secondary Market Oversight (OSMO) on an 
annual basis and requires Farmer Mac to notify OSMO under certain 
circumstances before making a capital distribution. The final rule 
revised the current capital adequacy planning requirements to place 
more emphasis on the quality and level of Farmer Mac's capital base and 
promote best practices for capital adequacy planning and stress 
testing. In accordance with the law, the effective date of the rule is 
30 days from the date of publication in the Federal Register during 
which either or both Houses of Congress are in session.

DATES: Under the authority of 12 U.S.C. 2252, the regulation amending 
12 CFR part 652 published on October 31, 2013 (78 FR 65145) is 
effective January 3, 2014.

FOR FURTHER INFORMATION CONTACT:
Joseph T. Connor, Associate Director for Policy and Analysis, Office of 
Secondary Market Oversight, Farm Credit Administration, McLean, VA

[[Page 3072]]

22102-5090, (703) 883-4280, TTY (703) 883-4056;
or
Rebecca S. Orlich, Senior Counsel, Office of General Counsel, Farm 
Credit Administration, McLean, Virginia 22102-5090, (703) 883-4020, TTY 
(703) 883-4056.

SUPPLEMENTARY INFORMATION: The Farm Credit Administration (FCA or we) 
adopted a final rule that amends regulations governing operational and 
strategic planning of the Federal Agricultural Mortgage Corporation 
(Farmer Mac). Among other things, the final rule requires Farmer Mac to 
submit a capital plan to the Office of Secondary Market Oversight 
(OSMO) on an annual basis and requires Farmer Mac to notify OSMO under 
certain circumstances before making a capital distribution. The final 
rule revised the current capital adequacy planning requirements to 
place more emphasis on the quality and level of Farmer Mac's capital 
base and promote best practices for capital adequacy planning and 
stress testing. In accordance with 12 U.S.C. 2252, the effective date 
of the interim 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 January 3, 2014.

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

    Dated: January 13, 2014.
Dale L. Aultman,
Secretary, Farm Credit Administration Board.
[FR Doc. 2014-00892 Filed 1-16-14; 8:45 am]
BILLING CODE 6705-01-P