[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.