[Federal Register Volume 86, Number 229 (Thursday, December 2, 2021)]
[Rules and Regulations]
[Page 68395]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-26173]


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FARM CREDIT ADMINISTRATION

12 CFR Parts 614, 615, 620 and 628

RIN 3052-AD27


Regulatory Capital Rules: Tier 1/Tier 2 Framework

AGENCY: Farm Credit Administration.

ACTION: Notification of effective date.

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SUMMARY: The Farm Credit Administration (FCA) issued a final rule to 
amend the regulatory capital requirements for Farm Credit System 
(System or FCS) institutions. The amendments clarified certain 
provisions in the Tier 1/Tier 2 Capital Framework and codified the 
guidance provided in an FCA bookletter.

DATES: Effective date: The final rule amending 12 CFR parts 614, 615, 
620 and 628 published on October 1, 2021 (86 FR 54347), is effective on 
January 1, 2022.

FOR FURTHER INFORMATION CONTACT: 
    Technical information: Jeremy R. Edelstein, [email protected], 
Associate Director or Clayton D. Milburn, [email protected], Senior 
Financial Analyst, 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: Rebecca S. Orlich, [email protected], Senior Counsel, or 
Jennifer A. Cohn, [email protected], Assistant General Counsel, Office of 
General Counsel, Farm Credit Administration, McLean, VA 22102-5090, 
(703) 883-4020, TTY (703) 883-4056.

SUPPLEMENTARY INFORMATION: On October 1, 2021, FCA issued a final rule 
to amend the regulatory capital requirements for System institutions. 
The amendments clarified provisions in the Tier 1/Tier 2 Capital 
Framework, codified the guidance provided in FCA Bookletter BL-068, 
reduced administrative burden, and amended definitions pertaining to 
qualified financial contracts. In accordance with 12 U.S.C. 2252(c)(1), 
the final rule provided an effective date of the later to occur of 
January 1, 2022 or 30 days after the date of rule's 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 regulation is January 1, 2022.

    Dated: November 29, 2021.
Ashley Waldron,
Secretary, Farm Credit Administration.
[FR Doc. 2021-26173 Filed 12-1-21; 8:45 am]
BILLING CODE 6705-01-P