Regulatory Capital Rules: Tier 1/Tier 2 Framework

CourtFarm Credit Administration
Citation86 FR 68395
Publication Date02 December 2021
Record Number2021-26173
Federal Register, Volume 86 Issue 229 (Thursday, December 2, 2021)
[Federal Register Volume 86, Number 229 (Thursday, December 2, 2021)]
                [Rules and Regulations]
                [Page 68395]
                From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
                [FR Doc No: 2021-26173]
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                FARM CREDIT ADMINISTRATION
                12 CFR Parts 614, 615, 620 and 628
                RIN 3052-AD27
                Regulatory Capital Rules: Tier 1/Tier 2 Framework
                AGENCY: Farm Credit Administration.
                ACTION: Notification of effective date.
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                SUMMARY: The Farm Credit Administration (FCA) issued a final rule to
                amend the regulatory capital requirements for Farm Credit System
                (System or FCS) institutions. The amendments clarified certain
                provisions in the Tier 1/Tier 2 Capital Framework and codified the
                guidance provided in an FCA bookletter.
                DATES: Effective date: The final rule amending 12 CFR parts 614, 615,
                620 and 628 published on October 1, 2021 (86 FR 54347), is effective on
                January 1, 2022.
                FOR FURTHER INFORMATION CONTACT:
                 Technical information: Jeremy R. Edelstein, [email protected],
                Associate Director or Clayton D. Milburn, [email protected], Senior
                Financial Analyst, Finance and Capital Markets Team, Office of
                Regulatory Policy, Farm Credit Administration, McLean, VA 22102-5090,
                (703) 883-4414, TTY (703) 883-4056 or [email protected]; or Legal
                information: Rebecca S. Orlich, [email protected], Senior Counsel, or
                Jennifer A. Cohn, [email protected], Assistant General Counsel, Office of
                General Counsel, Farm Credit Administration, McLean, VA 22102-5090,
                (703) 883-4020, TTY (703) 883-4056.
                SUPPLEMENTARY INFORMATION: On October 1, 2021, FCA issued a final rule
                to amend the regulatory capital requirements for System institutions.
                The amendments clarified provisions in the Tier 1/Tier 2 Capital
                Framework, codified the guidance provided in FCA Bookletter BL-068,
                reduced administrative burden, and amended definitions pertaining to
                qualified financial contracts. In accordance with 12 U.S.C. 2252(c)(1),
                the final rule provided an effective date of the later to occur of
                January 1, 2022 or 30 days after the date of rule's 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 January 1, 2022.
                 Dated: November 29, 2021.
                Ashley Waldron,
                Secretary, Farm Credit Administration.
                [FR Doc. 2021-26173 Filed 12-1-21; 8:45 am]
                BILLING CODE 6705-01-P
                

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