[Federal Register Volume 84, Number 27 (Friday, February 8, 2019)]
[Rules and Regulations]
[Pages 2706-2707]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-01072]


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FARM CREDIT ADMINISTRATION

12 CFR Parts 652

RIN 3052-AC86


Organization; Funding and Fiscal Affairs, Loan Policies and 
Operations, and Funding Operations; Farmer Mac Investment Eligibility

AGENCY: Farm Credit Administration.

ACTION: Notification of effective date.

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SUMMARY: The Farm Credit Administration (FCA or we) issued a final rule 
adopting amendments to regulations governing the eligibility of non-
program investments held by the Federal Agricultural Mortgage 
Corporation (Farmer Mac) to remove references to, and requirements 
relating to, credit ratings in compliance with section 939A of the 
Dodd-Frank Wall Street Reform and Consumer Protection Act. In 
accordance with law, the effective date of the rule is no earlier than 
30 days from the date of publication in the Federal Register during 
which either or both Houses of Congress are in session.

DATES: The regulation amending 12 CFR part 652 published on November 2, 
2018 (83 FR 55093), is effective on February 8, 2019.

FOR FURTHER INFORMATION CONTACT: 
    Technical information: Joseph Connor, Associate Director for Policy 
and Analysis, Office of Secondary Market Oversight, (703) 883-4364, TTY 
(703) 883-4056, [email protected].
    Legal information: Laura McFarland, Senior Counsel, Office of 
General Counsel, (703) 883-4020, TTY (703) 883-4056, 
[email protected].

SUPPLEMENTARY INFORMATION: On November 2, 2018, FCA issued a final

[[Page 2707]]

rule adopting amendments to regulations governing the eligibility of 
non-program investments held by Farmer Mac to remove references to, and 
requirements relating to, credit ratings. The final rule also revised 
investment concentration limits and removed both the fixed asset class 
limits and the related table of eligible asset classes. In accordance 
with 12 U.S.C. 2252(c)(1), the effective date of the rule is no earlier 
than 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 February 8, 2019.

    Dated: January 31, 2019.
Dale L. Aultman,
Secretary, Farm Credit Administration Board.
[FR Doc. 2019-01072 Filed 2-7-19; 8:45 am]
 BILLING CODE 6705-01-P