[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:
    <bullet> E-mail: Send us an e-mail at <a href="/cdn-cgi/l/email-protection#fe8c9b99d39d919393be989d9fd0999188"><span class="__cf_email__" data-cfemail="037166642e606c6e6e436560622d646c75">[email protected]</span></a>.
    <bullet> FCA Web site: http://www.fca.gov. Select ``Public 
Commenters,'' then ``Public Comments,'' and follow the directions for 
``Submitting a Comment.''
    <bullet> Federal E-Rulemaking Web site: http://www.regulations.gov. 
Follow the instructions for submitting comments.
    <bullet> 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


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