[Federal Register Volume 86, Number 200 (Wednesday, October 20, 2021)]
[Proposed Rules]
[Page 58042]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-22826]


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 Proposed Rules
                                                 Federal Register
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 This section of the FEDERAL REGISTER contains notices to the public of 
 the proposed issuance of rules and regulations. The purpose of these 
 notices is to give interested persons an opportunity to participate in 
 the rule making prior to the adoption of the final rules.
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  Federal Register / Vol. 86, No. 200 / Wednesday, October 20, 2021 / 
Proposed Rules  

[[Page 58042]]



FARM CREDIT ADMINISTRATION

12 CFR Part 628

RIN 3052-AD42


Risk Weighting of High Volatility Commercial Real Estate (HVCRE) 
Exposures

AGENCY: Farm Credit Administration.

ACTION: Proposed rule; extension of comment period.

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SUMMARY: The Farm Credit Administration (FCA or we) is extending the 
comment period on its proposed rule that would revise the regulatory 
capital requirements for Farm Credit System (FCS or System) 
institutions to define and establish a risk-weight for high volatility 
commercial real estate (HVCRE) exposures. FCA is extending the comment 
period for an additional 61 days, until January 24, 2022, so interested 
parties will have additional time to provide comments on the proposed 
rule.

DATES: The comment period for the proposed rule published on August 26, 
2021 (86 FR 47601) is extended from November 24, 2021, to January 24, 
2022.

ADDRESSES: For accuracy and efficiency reasons, please submit comments 
by email or through FCA's website. We do not accept comments submitted 
by facsimiles (fax), as faxes are difficult for us to process and 
achieve compliance with section 508 of the Rehabilitation Act of 1973. 
Please do not submit your comment multiple times via different methods. 
You may submit comments by any of the following methods:
     Email: Send us an email at [email protected].
     FCA website: http://www.fca.gov. Click inside the ``I want 
to . . .'' field near the top of the page; select ``comment on a 
pending regulation'' from the dropdown menu; and click ``Go.'' This 
takes you to an electronic public comment form.
     Mail: Kevin J. Kramp, Director, Office of Regulatory 
Policy, Farm Credit Administration, 1501 Farm Credit Drive, McLean, VA 
22102-5090.
    You may review copies of comments we receive on our website at 
http://www.fca.gov. Once you are on the website, click inside the ``I 
want to . . .'' field near the top of the page; select ``find comments 
on a pending regulation'' from the dropdown menu; and click ``Go.'' 
This will take you to the Comment Letters page where you can select the 
regulation for which you would like to read the public comments.
    We will show your comments as submitted, including any supporting 
data provided, 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 email addresses to help reduce 
internet spam. You may also review comments at our office in McLean, 
Virginia. Please call us at (703) 883-4056 or email us at [email protected] to make an appointment.

FOR FURTHER INFORMATION CONTACT: 
    Technical information: Ryan Leist, [email protected], Senior 
Accountant, or Jeremy R. Edelstein, [email protected], Associate 
Director, Finance and Capital Markets Team, Office of Regulatory 
Policy, Farm Credit Administration, McLean, VA 22102-5090, (703) 883-
4414, TTY (703) 883-4056, or [email protected]; or Legal information: 
Jennifer A. Cohn, [email protected], Assistant General Counsel, Office of 
General Counsel, Farm Credit Administration, McLean, VA 22102-5090, 
(720) 213-0440, TTY (703) 883-4056.

SUPPLEMENTARY INFORMATION: On August 26, 2021, FCA published a proposed 
rule in the Federal Register that would update FCA's regulatory capital 
requirements to reflect the increased risks that exposures to certain 
acquisition, development or construction loans pose to System 
institutions. The proposed rule would also ensure that the System's 
capital requirements are comparable to the Basel III framework and the 
standardized approach the Federal banking regulatory agencies have 
adopted, with deviations as appropriate to accommodate the different 
operational and credit considerations of the System.
    The comment period is currently scheduled to close on November 24, 
2021. See 86 FR 47601. FCA is extending the comment period for an 
additional 61 days, until January 24, 2022, so interested parties will 
have additional time to provide comments on the proposed rule in 
consideration of other rulemakings that are also open for public 
comment.

    Dated: October 15, 2021.
Dale Aultman,
Secretary, Farm Credit Administration Board.
[FR Doc. 2021-22826 Filed 10-19-21; 8:45 am]
BILLING CODE 6705-01-P