[Federal Register Volume 88, Number 58 (Monday, March 27, 2023)]
[Proposed Rules]
[Page 18098]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-06239]


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FARM CREDIT ADMINISTRATION

12 CFR Part 652

RIN 3052-AD51


Federal Agricultural Mortgage Corporation Funding and Fiscal 
Affairs; Risk-Based Capital Requirements

AGENCY: Farm Credit Administration.

ACTION: Advanced notice of proposed rulemaking; extension of comment 
period.

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SUMMARY: The Farm Credit Administration (FCA) Board extends the comment 
period on the Advanced Notice of Proposed Rulemaking (ANPRM) seeking 
public comment on whether and how FCA should amend and strengthen the 
regulatory capital framework for the Federal Agricultural Mortgage 
Corporation (Farmer Mac or Corporation), so that interested parties 
will have additional time to provide comments.

DATES: You may send comments on the ANPRM on or before April 26, 2023.

ADDRESSES: For accuracy and efficiency reasons, FCA encourages 
commenters to submit comments by email or through the FCA's website. As 
facsimiles (fax) are difficult to process and achieve compliance with 
section 508 of the Rehabilitation Act, comments submitted by fax are 
not accepted. Regardless of the method used, please do not submit 
comments multiple times via different methods. Comments may be 
submitted by any of the following methods:
     Email: Send an email to [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: Joseph T. Connor, Acting Director, Office of 
Secondary Market Oversight, Farm Credit Administration, 1501 Farm 
Credit Drive, McLean, VA 22102-5090.
    FCA posts all comments on the FCA website. FCA shows comments as 
submitted, including any supporting data provided, but for technical 
reasons 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, FCA will attempt to 
remove email addresses to help reduce internet spam.
    Copies of all comments received may be reviewed on the FCA website 
at http://www.fca.gov. Once 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. You 
may also review comments at the FCA 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: Joseph T. Connor, [email protected], 
Acting Director, Office of Secondary Market Oversight, Farm Credit 
Administration, McLean, VA 22102-5090, (703) 883-4280, TTY (703) 883-
4056, or Andra Grossman, [email protected], Attorney Advisor, or 
Jennifer Cohn, [email protected], Assistant General Counsel, Office of the 
General Counsel, Farm Credit Administration, McLean, VA 22102-5090, 
(703) 883-4020, TTY (703) 883-4056.

SUPPLEMENTARY INFORMATION: On January 24, 2023, FCA published an ANPRM 
in the Federal Register seeking comments from the public on whether and 
how to amend and strengthen the regulatory capital framework in 
furtherance of Farmer Mac's safe and sound operations and its role in 
promoting affordable and sustainable access to credit in agricultural 
and rural communities. The comment period is scheduled to expire on 
March 27, 2023. The Farm Credit Council, on behalf of Farm Credit 
System banks and associations, has requested more time for comments to 
be submitted and specifically asked for an additional 30 days. In 
response to this request, FCA is extending the comment period for an 
additional 30 days. The FCA supports public involvement and 
participation in its regulatory process and invites all interested 
parties to review and provide comments on the proposed rule.

    Authority: Secs. 4.12, 5.9, 5.17, 8.11, 8.31, 8.32, 8.33, 8.34, 
8.35, 8.36, 8.37, 8.41 of the Farm Credit Act (12 U.S.C. 2183, 2243, 
2252, 2279aa-11, 2279bb, 2279bb-1, 2279bb-2, 2279bb-3, 2279bb-4, 
2279bb-5, 2279bb-6, 2279cc); sec. 514 of Pub. L. 102-552, 106 Stat. 
4102; sec. 118 of Pub. L. 104-105, 110 Stat. 168; sec. 939A of Pub. 
L. 111-203, 124 Stat. 1326, 1887 (15 U.S.C. 78o-7 note) (July 21, 
2010).

    Dated: January 22, 2023.
Ashley Waldron,
Secretary, Farm Credit Administration Board.
[FR Doc. 2023-06239 Filed 3-24-23; 8:45 am]
BILLING CODE 6705-01-P