Federal Agricultural Mortgage Corporation Governance, etc. - Risk-Based Capital Requirements (US Farm Credit Administration Regulation) (FCA) (2018 Edition‪)‬

The Law Library presents the complete text of the Federal Agricultural Mortgage Corporation Governance, etc. - Risk-Based Capital Requirements (US Farm Credit Administration Regulation) (FCA) (2018 Edition).
Updated as of May 29, 2018

The Farm Credit Administration (FCA, Agency, us, or we) issues this final rule amending our regulations on the Risk-Based Capital Stress Test (RBCST or model) used by the Federal Agricultural Mortgage Corporation (Farmer Mac). This rulemaking updates the model to ensure that it continues to appropriately reflect risk in a manner consistent with statutory requirements for calculating Farmer Mac's regulatory minimum capital level under a risk-based capital stress test. This rule updates the model to estimate the capital requirements associated with Farmer Mac's statutory authority to finance rural utility loans and to revise the treatment of certain secured general obligations held by Farmer Mac as program investments. This rule also revises the treatment of counterparty risk on non-program investments in the model by adjusting the haircuts applied to those investments to keep the model internally consistent with revisions made to stressed historical corporate bond default and recovery rates.

This ebook contains:
- The complete text of the Federal Agricultural Mortgage Corporation Governance, etc. - Risk-Based Capital Requirements (US Farm Credit Administration Regulation) (FCA) (2018 Edition)
- A dynamic table of content linking to each section
- A table of contents in introduction presenting a general overview of the structure