[Code of Federal Regulations]

[Title 12, Volume 6]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 12CFR652.1]



[Page 309-310]

 

                       TITLE 12--BANKS AND BANKING

 

                 CHAPTER VI--FARM CREDIT ADMINISTRATION

 

PART 652_FEDERAL AGRICULTURAL MORTGAGE CORPORATION FUNDING AND FISCAL 

AFFAIRS--Table of Contents

 

                     Subpart A_Investment Management

 

Sec. 652.1  Purpose.









                     Subpart A_Investment Management



Sec.

652.1 Purpose.

652.5 Definitions.

652.10 Investment management and requirements.

652.15 Interest rate risk management and requirements.

652.20 Liquidity reserve management and requirements.

652.25 Non-program investment purposes and limitation.

652.30 Temporary regulatory waivers or modifications for extraordinary 

          situations.

652.35 Eligible non-program investments.

652.40 Stress tests for mortgage securities.

652.45 Divestiture of ineligible non-program investments.



                Subpart B_Risk-Based Capital Requirements



652.50 Definitions.

652.55 General.

652.60 Corporation board guidelines.

652.65 Risk-based capital stress test.

652.70 Risk-based capital level.

652.75 Your responsibility for determining the risk-based capital level.

652.80 When you must determine the risk-based capital level.

652.85 When to report the risk-based capital level.

652.90 How to report your risk-based capital determination.

652.95 Failure to meet capital requirements.

652.100 Effective date for compliance with regulation.

652.105 Audit of the risk-based capital stress test.



Appendix A to Subpart B of Part 652--Risk-Based Capital Stress Test



    Authority: Secs. 4.12, 5.9, 5.17, 8.11, 8.31, 8.32, 8.33, 8.34, 

8.35, 8.36, 8.37, 8.41 of the Farm Credit Act (12 U.S.C. 2183, 2243, 

2252, 2279aa-11, 2279bb, 2279bb-1, 2279bb-2, 2279bb-3, 2279bb-4, 2279bb-

5, 2279bb-6, 2279cc); sec. 514 of Pub. L. 102-552, 106 Stat. 4102; sec. 

118 of Pub. L. 104-105, 110 Stat. 168.



    Source: 70 FR 40644, July 14, 2005, unless otherwise noted.







    This subpart contains the Farm Credit Administration's (FCA) rules 

for



[[Page 310]]



governing liquidity and non-program investments held by the Federal 

Agricultural Mortgage Corporation (Farmer Mac). The purpose of this 

subpart is to ensure safety and soundness, continuity of funding, and 

appropriate use of non-program investments considering Farmer Mac's 

special status as a Government-sponsored enterprise (GSE). The subpart 

contains requirements for Farmer Mac's board of directors to adopt 

policies covering such areas as investment management, interest rate 

risk, and liquidity reserves. The subpart also requires Farmer Mac to 

comply with various reporting requirements.