Federal Register / Vol. 79, No. 204 / Wednesday, October 22, 2014 / Rules and Regulations 63033 

FARM CREDIT ADMINISTRATION 

12 CFR Part 621 

RIN 3052–AC75 

Releasing Information; General 

Provisions; Accounting and Reporting 

Requirements; Reports of Accounts 

and Exposures 

AGENCY: Farm Credit Administration. 

ACTION: Final rule; notice of compliance 

date. 

SUMMARY: The Farm Credit 

Administration (FCA, we, or our) issued 

a final rule on December 24, 2013, to 

establish a regulatory framework for 

Farm Credit System (System) banks and 

associations to report their accounts and 

exposures to the FCA. The final rule 

required compliance as of the effective 

date, which was February 21, 2014, 

except for certain Reporting Entity’s 

requirements. The compliance date for 

those requirements was delayed to 

allow for the development of and 

transition to the System’s central data 

repository. This document provides the 

compliance date for the Reporting Entity 

requirements. 

DATES: The compliance date for the 

Reporting Entity requirements under 

§ 621.15(b)(1) through (6), published 

December 24, 2013, at 78 FR 77557, 

effective February 21, 2014, is October 

22, 2014. 

FOR FURTHER INFORMATION CONTACT:

Susan T. Coleman, Senior Policy 

Analyst, Office of Regulatory Policy, 

Farm Credit Administration, McLean, 

VA 22102–5090, (703) 883–4491, TTY 

(703) 883–4056; or 

Jane Virga, Senior Counsel, Office of 

General Counsel, Farm Credit 

Administration, McLean, Virginia 

22102–5090, (703) 883–4020, TTY 

(703) 883–4056. 

SUPPLEMENTARY INFORMATION: We issued 

a final rule on December 24, 2013, to 

establish a regulatory framework for the 

reporting of System accounts and 

exposures. The final rule established the 

reporting requirements and performance 

responsibilities, including, but not 

limited to, establishing uniform and 

standard data fields to be collected from 

all System banks and associations and a 

disciplined and secure delivery of 

information. The final rule authorized a 

Reporting Entity (defined as the Federal 

Farm Credit Banks Funding Corporation 

(Funding Corporation) or an entity 

approved by FCA), to collect data from 

all banks and associations and serve as 

the central data repository manager. 

Additionally, the final rule required all 

banks and associations to provide data 

to the Reporting Entity to facilitate the 

collection, enhancement, and reporting 

of data to FCA. 

The final rule required compliance as 

of the effective date, which was 

February 21, 2014, except for the 

Reporting Entity’s requirements under 

§ 621.15(b)(1) through (6). The final rule 

specified that the compliance date 

would be delayed for the Reporting 

Entity’s requirements under 

§ 621.15(b)(1) through (6) to allow for 

the development of and transition to the 

System’s central data repository. 

During the System’s data repository 

development phase, the banks and 

associations continued to prepare and 

submit the reports of accounts and 

exposures to FCA in accordance with 

the instructions prescribed by FCA 

under § 621.15(a) of the final rule. The 

Reporting Entity now has the ability to 

prepare and submit reliable, timely, 

complete and accurate reporting of 

accounts and exposures. Therefore, full 

compliance with all provisions of the 

final rule is required on October 22, 

2014 for accounts and exposures data as 

of the quarterly period ended September 

30, 2014. 

Dated: October 16, 2014. 

Dale L. Aultman, 

Secretary, Farm Credit Administration Board. 

[FR Doc. 2014–25005 Filed 10–21–14; 8:45 am] 

BILLING CODE 6705–01–P 

FARM CREDIT ADMINISTRATION 

12 CFR Chapter VI 

Farm Credit Administration Board 

Policy Statements 

AGENCY: Farm Credit Administration. 

ACTION: Notice of policy statements and 

index. 

SUMMARY: The Farm Credit 

Administration (FCA), as part of its 

annual public notification process, is 

publishing for notice an index of the 18 

Board policy statements currently in 

existence. Most of the policy statements 

remain unchanged since our last 

Federal Register notice on October 24, 

2013 (78 FR 63380), except for one with 

minor updates on Equal Employment 

Opportunity and Diversity. 

DATES: October 22, 2014. 

FOR FURTHER INFORMATION CONTACT: Dale 

L. Aultman, Secretary to Board, Farm 

Credit Administration, 1501 Farm 

Credit Drive, McLean Virginia 22102– 

5090, (703) 883–4009, TTY (703) 883– 

4056; or Wendy R. Laguarda, Assistant 

General Counsel, Office of General 

Counsel, Farm Credit Administration, 

1501 Farm Credit Drive, McLean 

Virginia 22102–5090, (703) 883–4020, 

TTY (703) 883–4020. 

SUPPLEMENTARY INFORMATION: A list of 

the 18 FCA Board policy statements is 

set forth below. FCA Board policy 

statements may be viewed online at 

www.fca.gov/handbook.nsf. 

On August 20, 2014, the FCA Board 

reaffirmed, and made minor updates 

only, to FCA–PS–62 on, ‘‘Equal 

Employment Opportunity and 

Diversity.’’ The changes were 

grammatical in nature. 

The policy was published in the 

Federal Register on August 26, 2014 (79 

FR 50908). The FCA will continue to 

publish new or revised policy 

statements in their full text. 

FCA Board Policy Statements 

FCA–PS–34 Disclosure of the Issuance 

and Termination of Enforcement 

Documents 

FCA–PS–37 Communications During 

Rulemaking 

FCA–PS–41 Alternative Means of 

Dispute Resolution 

FCA–PS–44 Travel 

FCA–PS–53 Examination Philosophy 

FCA–PS–59 Regulatory Philosophy 

FCA–PS–62 Equal Employment 

Opportunity and Diversity 

FCA–PS–64 Rules for the Transaction 

of Business of the Farm Credit 

Administration Board 

FCA–PS–65 Release of Consolidated 

Reporting System Information 

FCA–PS–67 Nondiscrimination on the 

Basis of Disability in Agency 

Programs and Activities 

FCA–PS–68 FCS Building Association 

Management Operations Policies 

and Practices 

FCA–PS–71 Disaster Relief Efforts by 

Farm Credit Institutions 

FCA–PS–72 Financial Institution 

Rating System (FIRS) 

FCA–PS–77 Borrower Privacy 

FCA–PS–78 Official Names of Farm 

Credit Institutions 

FCA–PS–79 Consideration and 

Referral of Supervisory Strategies 

and Enforcement Actions 

FCA–PS–80 Cooperative Operating 

Philosophy—Serving the Members 

of Farm Credit System Institutions 

FCA–PS–81 Ethics, Independence, 

Arm’s-Length Role, Ex Parte 

Communications and Open 

Government 

Dated: October 16, 2014. 

Dale L. Aultman, 

Secretary, Farm Credit Administration Board. 

[FR Doc. 2014–25131 Filed 10–21–14; 8:45 am] 

BILLING CODE 6705–01–P 


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