[Federal Register Volume 75, Number 215 (Monday, November 8, 2010)]
[Proposed Rules]
[Pages 68533-68534]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-28245]
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FARM CREDIT ADMINISTRATION
12 CFR Part 615
RIN 3052-AC25
Funding and Fiscal Affairs, Loan Policies and Operations, and
Funding Operations; Capital Adequacy; Capital Components--Basel Accord
Tier 1 and Tier 2
AGENCY: Farm Credit Administration.
ACTION: Advance notice of proposed rulemaking (ANPRM); extension of
comment period.
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SUMMARY: The Farm Credit Administration (FCA, Agency or we) is
extending the comment period on our ANPRM that seeks comments to
facilitate the development of enhancements to our regulatory capital
framework to more closely align minimum capital requirements with those
of the Federal banking regulators and with risks taken by Farm Credit
System (FCS or System) institutions, taking into consideration the
System's public mission as a Government-sponsored enterprise (GSE) and
its unique cooperative structure. We are extending the comment period
so all interested parties will have additional time to provide
comments.
DATES: You may send comments on or before May 4, 2011.
ADDRESSES: There are several methods for you to submit your comments.
For accuracy and efficiency reasons, commenters are encouraged to
submit comments by e-mail or through the Agency's Web site. As
facsimiles (faxes) are difficult for us to process and achieve
compliance with section 508 of the Rehabilitation Act (29 U.S.C. 794d),
we are no longer accepting comments submitted by fax. Regardless of the
method you use, please do not submit your comments multiple times via
different methods. You may submit comments by any of the following
methods:
E-mail: Send us an e-mail at [email protected].
FCA Web site: http://www.fca.gov. Select ``Public
Commenters,'' then ``Public Comments,'' and follow the directions for
``Submitting a Comment.''
Federal E-Rulemaking Web site: http://www.regulations.gov.
Follow the instructions for submitting comments.
Mail: Gary K. Van Meter, Deputy Director, Office of
Regulatory Policy, Farm Credit Administration, 1501 Farm Credit Drive,
McLean, VA 22102-5090.
You may review copies of comments we receive at our office in
McLean, Virginia, or on our Web site at http://www.fca.gov. Once you
are in the Web site, select ``Legal Info,'' and then select ``Public
Comments.'' We will show your comments as submitted, 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 e-mail addresses to help reduce Internet spam.
FOR FURTHER INFORMATION CONTACT: Laurie Rea, Associate Director, Office
of Regulatory Policy, Farm Credit Administration, McLean, VA 22102-
5090, (703) 883-4232, TTY (703) 883-4434, or Chris Wilson, Financial
Analyst, Office of Regulatory Policy, Farm Credit Administration,
McLean, VA 22102-5090, (703) 883-4204, TTY (703) 883-4434, or Rebecca
S. Orlich, Senior Counsel, Office of General Counsel, Farm Credit
Administration, McLean, VA 22102-5090, (703) 883-4020, TTY (703) 883-
4020.
SUPPLEMENTARY INFORMATION: On July 8, 2010, FCA published a notice in
the Federal Register seeking public comment to facilitate the
development of a proposed rule that would minimize the differences, to
the extent appropriate, in regulatory capital requirements between
System institutions and Federally regulated banking organizations.\1\
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\1\ See 75 FR 39392.
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[[Page 68534]]
The comment period is scheduled to expire on November 5, 2010. In a
letter dated October 20, 2010, the Farm Credit Council (FCC), on behalf
of the System including the Federal Farm Credit Banks Funding
Corporation, requested that the Agency extend the comment period until
February 28, 2011. The FCC requested the extension in order to give the
System the opportunity to study the rules developed by the Federal
banking regulators. The Basel Committee on Banking Supervision is in
the process of formulating a new regulatory capital framework, and the
U.S. banking regulators are expected to revise their capital guidelines
consistent with the new requirements. In view of the expected revisions
in the near future, the FCA has decided to extend the comment period
180 days beyond the original expiration date and, therefore, the
comment period will close on May 4, 2011. The FCA supports public
involvement and participation in its regulatory process and invites all
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interested parties to review and provide comments on our ANPRM.
Dated: November 4, 2010.
Roland E. Smith,
Secretary, Farm Credit Administration Board.
[FR Doc. 2010-28245 Filed 11-5-10; 8:45 am]
BILLING CODE 6705-01-P