Organization; Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations; Farmer Mac Investment Eligibility

• Published date: 08 February 2019
• Citation: 84 FR 2706
• Record Number: 2019-01072
• Section: Rules and Regulations
• Court: Farm Credit Administration

Federal Register, Volume 84 Issue 27 (Friday, February 8, 2019)

[Federal Register Volume 84, Number 27 (Friday, February 8, 2019)]
                [Rules and Regulations]
                [Pages 2706-2707]
                From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
                [FR Doc No: 2019-01072]
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                FARM CREDIT ADMINISTRATION
                12 CFR Parts 652
                RIN 3052-AC86
                Organization; Funding and Fiscal Affairs, Loan Policies and
                Operations, and Funding Operations; Farmer Mac Investment Eligibility
                AGENCY: Farm Credit Administration.
                ACTION: Notification of effective date.
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                SUMMARY: The Farm Credit Administration (FCA or we) issued a final rule
                adopting amendments to regulations governing the eligibility of non-
                program investments held by the Federal Agricultural Mortgage
                Corporation (Farmer Mac) to remove references to, and requirements
                relating to, credit ratings in compliance with section 939A of the
                Dodd-Frank Wall Street Reform and Consumer Protection Act. In
                accordance with law, the effective date of the rule is no earlier than
                30 days from the date of publication in the Federal Register during
                which either or both Houses of Congress are in session.
                DATES: The regulation amending 12 CFR part 652 published on November 2,
                2018 (83 FR 55093), is effective on February 8, 2019.
                FOR FURTHER INFORMATION CONTACT:
                 Technical information: Joseph Connor, Associate Director for Policy
                and Analysis, Office of Secondary Market Oversight, (703) 883-4364, TTY
                (703) 883-4056, connorj@fca.gov.
                 Legal information: Laura McFarland, Senior Counsel, Office of
                General Counsel, (703) 883-4020, TTY (703) 883-4056,
                mcfarlandl@fca.gov.
                SUPPLEMENTARY INFORMATION: On November 2, 2018, FCA issued a final
                [[Page 2707]]
                rule adopting amendments to regulations governing the eligibility of
                non-program investments held by Farmer Mac to remove references to, and
                requirements relating to, credit ratings. The final rule also revised
                investment concentration limits and removed both the fixed asset class
                limits and the related table of eligible asset classes. In accordance
                with 12 U.S.C. 2252(c)(1), the effective date of the rule is no earlier
                than 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
                regulations is February 8, 2019.
                 Dated: January 31, 2019.
                Dale L. Aultman,
                Secretary, Farm Credit Administration Board.
                [FR Doc. 2019-01072 Filed 2-7-19; 8:45 am]
                 BILLING CODE 6705-01-P