[Federal Register Volume 79, Number 98 (Wednesday, May 21, 2014)]
[Rules and Regulations]
[Page 29074]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-11663]


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FARM CREDIT ADMINISTRATION

12 CFR Part 652

RIN 3052-AC83


Federal Agricultural Mortgage Corporation Funding and Fiscal 
Affairs; Farmer Mac Liquidity Management

AGENCY: Farm Credit Administration.

ACTION: Notice of effective date.

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SUMMARY: The Farm Credit Administration (FCA, we or us) adopted a final 
rule that amends its liquidity management regulations for the Federal 
Agricultural Mortgage Corporation (Farmer Mac). The purpose of the 
final rule is to strengthen liquidity risk management at Farmer Mac, 
improve the quality of assets in its liquidity reserves, and bolster 
its ability to fund its obligations and continue operations during 
times of economic, financial, or market adversity. In accordance with 
the law, the effective date of the final rule is 180 days after the 
date of publication in the Federal Register, provided either or both 
Houses of Congress are in session for at least 30 calendar days after 
publication of this regulation in the Federal Register.

DATES: Effective Date: Under the authority of 12 U.S.C. 2252, the 
regulation amending 12 CFR part 652 published on November 1, 2013 (78 
FR 65541) is effective April 30, 2014.

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) 883-4056; or
Richard A. Katz, 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, we or 
us) adopted a final rule that amends its liquidity management 
regulations for the Federal Agricultural Mortgage Corporation (Farmer 
Mac). The purpose of the final rule is to strengthen liquidity risk 
management at Farmer Mac, improve the quality of assets in its 
liquidity reserves, and bolster its ability to fund its obligations and 
continue operations during times of economic, financial, or market 
adversity. In accordance with 12 U.S.C. 2252, the effective date of the 
final rule is 180 days after the date of publication in the Federal 
Register, provided either or both Houses of Congress are in session for 
at least 30 calendar days after publication of this regulation in the 
Federal Register. Based on the records of the sessions of Congress, the 
effective date of the regulations is April 30, 2014.

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

    Dated: May 15, 2014.
Dale L. Aultman,
Secretary, Farm Credit Administration Board.
[FR Doc. 2014-11663 Filed 5-20-14; 8:45 am]
BILLING CODE 6705-01-P