Farm credit system: Funding and fiscal affairs, loan policies, and operations, and funding operations— Capital and adequacy risk-weighing revisions,

[Federal Register: September 15, 2005 (Volume 70, Number 178)]

[Rules and Regulations]

[Page 54471]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr15se05-2]

FARM CREDIT ADMINISTRATION

12 CFR Parts 607, 614, 615, and 620

RIN 3052-AC09

Assessment and Apportionment of Administrative Expenses; Loan Policies and Operations; Funding and Fiscal Affairs, Loan Policies and Operations; and Funding Operations; Disclosure to Shareholders; Capital Adequacy Risk-Weighting Revisions; Effective Date

AGENCY: Farm Credit Administration.

ACTION: Notice of effective date.

SUMMARY: The Farm Credit Administration (FCA) published a final rule under parts 607, 614, 615, and 620 on June 17, 2005 (70 FR 35336). This final rule changed our regulatory capital standards on recourse obligations, direct credit substitutes, residual interests, asset- and mortgage-backed securities, claims on securities firms, and certain residential loans. In accordance with 12 U.S.C. 2252, the effective date of the final rule is 30 days from the date of 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 September 8, 2005.

EFFECTIVE DATE: The regulation amending 12 CFR parts 607, 614, 615, and 620 published on June 17, 2005 (70 FR 35336) is effective September 8, 2005.

FOR FURTHER INFORMATION CONTACT: Robert Donnelly, Senior Accountant, Office of Regulatory Policy, Farm Credit Administration, McLean, VA 22102-5090, (703) 883-4498, TTY (703) 883-4434; or

Jennifer A. Cohn, Senior Attorney, Office of General Counsel, Farm Credit Administration, McLean, VA 22102-5090, (703) 883-4020, TTY (703) 883-4020.

(12 U.S.C. 2252(a)(9) and (10))

Dated: September 8, 2005. Jeanette C. Brinkley, Secretary, Farm Credit Administration Board.

[FR Doc. 05-18285 Filed 9-14-05; 8:45 am]

BILLING CODE 6705-01-P