80_FR_36008 80 FR 35888 - Regulatory Capital Rules: Regulatory Capital, Implementation of Tier 1/Tier 2 Framework

80 FR 35888 - Regulatory Capital Rules: Regulatory Capital, Implementation of Tier 1/Tier 2 Framework

FARM CREDIT ADMINISTRATION

Federal Register Volume 80, Issue 120 (June 23, 2015)

Page Range35888-35889
FR Document2015-15348

The Farm Credit Administration (FCA or we) is reopening the comment period on the proposed rule that would revise our regulatory capital requirements for Farm Credit System (System) institutions to include tier 1 and tier 2 risk-based capital ratio requirements, a tier 1 leverage requirement, a capital conservation buffer, revised risk weightings, and additional public disclosure requirements.

Federal Register, Volume 80 Issue 120 (Tuesday, June 23, 2015) 
[Federal Register Volume 80, Number 120 (Tuesday, June 23, 2015)]
[Proposed Rules]
[Pages 35888-35889]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-15348]


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FARM CREDIT ADMINISTRATION

12 CFR Parts 607, 614, 615, 620 and 628

RIN 3052-AC81


Regulatory Capital Rules: Regulatory Capital, Implementation of 
Tier 1/Tier 2 Framework

AGENCY: Farm Credit Administration.

ACTION: Proposed rule; reopening of comment period.

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SUMMARY: The Farm Credit Administration (FCA or we) is reopening the 
comment period on the proposed rule that would revise our regulatory 
capital requirements for Farm Credit System (System) institutions to 
include tier 1 and tier 2 risk-based capital ratio requirements, a tier 
1 leverage requirement, a capital conservation buffer, revised risk 
weightings, and additional public disclosure requirements.

DATES: You may send us comments from June 26, 2015, through July 10, 
2015.

ADDRESSES: For accuracy and efficiency reasons, please submit comments 
by email or through the FCA's Web site. We do not accept comments 
submitted by facsimile (fax), as faxes are difficult for us to process 
in compliance with section 508 of the Rehabilitation Act. Please do not 
submit your comment multiple times via different methods. You may 
submit comments by any of the following methods:
     Email: Send us an email at [email protected].
     FCA Web site: http://www.fca.gov. Select ``Public 
Commenters,'' then ``Public Comments,'' and follow the directions for 
``Submitting a Comment.''
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Mail: Barry F. Mardock, Deputy Director, Office of 
Regulatory Policy, Farm Credit Administration, 1501 Farm Credit Drive, 
McLean, VA 22102-5090.
    You may review copies of all comments we receive at our office in 
McLean, Virginia, or from our Web site at http://www.fca.gov. Once you 
are in the Web site, select ``Public Commenters,'' then ``Public 
Comments,'' and follow the directions for ``Reading Submitted Public 
Comments.'' We will show your comments as submitted, but for technical 
reasons we may omit items such as logos and special characters. 
Identifying information you provide, such as phone numbers and 
addresses, will be publicly available. However, we will attempt to 
remove email addresses to help reduce Internet spam.

FOR FURTHER INFORMATION CONTACT:
J.C. Floyd, Associate Director, Finance and Capital Markets Team, 
Office of Regulatory Policy, Farm Credit Administration, McLean, VA 
22102-5090, (720) 213-0924, TTY (703) 883-4056;

or

Rebecca S. Orlich, Senior Counsel, or Jennifer A. Cohn, Senior Counsel, 
Office of General Counsel, Farm Credit Administration, McLean, VA 
22102-5090, (703) 883-4020, TTY (703) 883-4056.

SUPPLEMENTARY INFORMATION: On September 4, 2014, FCA published a 
proposed rule to revise our regulatory capital requirements for Farm 
Credit System (System) institutions to establish tier 1/tier 2 risk-
based capital ratio requirements (replacing core surplus and total 
surplus ratios), a tier 1

[[Page 35889]]

leverage ratio requirement (replacing a net collateral requirement for 
System banks), a capital conservation buffer, revised risk weightings, 
and additional publish disclosure requirements.\1\ The revisions to the 
risk weightings would include replacing references to credit ratings 
with alternative risk measurements, as required by the Dodd-Frank Wall 
Street Reform and Consumer Protection Act. The comment period on the 
proposed rule, after an extension, closed February 16, 2015.\2\
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    \1\ 79 FR 52814 (September 4, 2014).
    \2\ The original comment period of 120 days was extended an 
additional 45 days. See 79 FR 76927 (December 23, 2014).
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    FCA received a letter dated March 30, 2015, from the Farm Credit 
Council, a trade association representing System institutions, 
requesting FCA to reopen the comment period. The Farm Credit Council 
stated that the reason for its request was to give System institutions 
the opportunity to meet with FCA Board members that joined the FCA 
Board on March 13 and 17, 2015, in order to discuss the proposed rule.
    In response to this request, we are reopening the comment period on 
June 26 through July 10, 2015. Because the proposed rule contains 
significant revisions to the regulatory capital framework in existing 
FCA regulations, we believe it is important to give interested parties 
additional time to provide comments to the FCA Board. Reopening the 
comment period will ensure transparency in the process.

    Dated: June 17, 2015.
Dale L. Aultman,
Secretary, Farm Credit Administration Board.
[FR Doc. 2015-15348 Filed 6-22-15; 8:45 am]
 BILLING CODE 6705-01-P

35888 Federal Register / Vol. 80, No. 120 / Tuesday, June 23, 2015 / Proposed Rules using when considering new or appliance_standards/ weightings, and additional public amended energy conservation standards rulemaking.aspx?ruleid=110. disclosure requirements. for fluorescent lamp ballasts. The focus After the public meeting and the close DATES: You may send us comments from of the public meeting noted above will of the comment period on the June 26, 2015, through July 10, 2015. be to discuss the information presented Framework Document, DOE will collect ADDRESSES: For accuracy and efficiency and issues identified in the Framework data, conduct the analyses as discussed reasons, please submit comments by Document. At the public meeting, DOE in the Framework Document and at the email or through the FCA’s Web site. will make presentations and invite public meeting, and review the public We do not accept comments submitted discussion on the rulemaking process as comments it receives. by facsimile (fax), as faxes are difficult it applies to fluorescent lamp ballasts. DOE considers public participation to for us to process in compliance with DOE will also solicit comments, data, be a very important part of the process section 508 of the Rehabilitation Act. and information from participants and for determining whether to establish or Please do not submit your comment other interested parties. amend energy conservation standards DOE is planning to conduct in-depth multiple times via different methods. and, if so, in setting those new or You may submit comments by any of technical analyses in the following amended standards. DOE actively areas: (1) Engineering; (2) energy use; (3) the following methods: encourages the participation and • Email: Send us an email at reg- product price; (4) life-cycle cost and interaction of the public during the payback period; (5) national impacts; (6) comm@fca.gov. comment period at each stage of the • FCA Web site: http://www.fca.gov. manufacturer impacts; (7) emission rulemaking process. Beginning with the impacts; (8) utility impacts; (9) Select ‘‘Public Commenters,’’ then Framework Document, and during each ‘‘Public Comments,’’ and follow the employment impacts; and (10) subsequent public meeting and regulatory impacts. DOE will also directions for ‘‘Submitting a Comment.’’ comment period, interactions with and • Federal eRulemaking Portal: http:// conduct several other analyses that among members of the public provide a support those previously listed, www.regulations.gov. Follow the balanced discussion of the issues to instructions for submitting comments. including the market and technology assist DOE in the standards rulemaking assessment, the screening analysis • Mail: Barry F. Mardock, Deputy process. Accordingly, anyone who Director, Office of Regulatory Policy, (which contributes to the engineering wishes to participate in the public analysis), and the shipments analysis Farm Credit Administration, 1501 Farm meeting, receive meeting materials, or Credit Drive, McLean, VA 22102–5090. (which contributes to the national be added to the DOE mailing list to impact analysis). You may review copies of all receive future notices and information comments we receive at our office in DOE encourages those who wish to about this rulemaking should contact participate in the public meeting to McLean, Virginia, or from our Web site Ms. Brenda Edwards at (202) 586–2945, at http://www.fca.gov. Once you are in obtain the Framework Document and to or via email at Brenda.Edwards@ the Web site, select ‘‘Public be prepared to discuss its contents. A ee.doe.gov. Commenters,’’ then ‘‘Public copy of the Framework Document is available at: http:// Issued in Washington, DC, on June 17, Comments,’’ and follow the directions www1.eere.energy.gov/buildings/ 2015. for ‘‘Reading Submitted Public appliance_standards/ Kathleen B. Hogan, Comments.’’ We will show your rulemaking.aspx?ruleid=110. Deputy Assistant Secretary for Energy comments as submitted, but for Public meeting participants need not Efficiency, Energy Efficiency and Renewable technical reasons we may omit items limit their comments to the issues Energy. such as logos and special characters. identified in the Framework Document. [FR Doc. 2015–15383 Filed 6–22–15; 8:45 am] Identifying information you provide, DOE is also interested in comments on BILLING CODE 6450–01–P such as phone numbers and addresses, other relevant issues that participants will be publicly available. However, we believe would affect energy will attempt to remove email addresses conservation standards for these FARM CREDIT ADMINISTRATION to help reduce Internet spam. products, applicable test procedures, or FOR FURTHER INFORMATION CONTACT: the preliminary determination on the 12 CFR Parts 607, 614, 615, 620 and J.C. Floyd, Associate Director, Finance scope of coverage. DOE invites all 628 and Capital Markets Team, Office of interested parties, whether or not they Regulatory Policy, Farm Credit RIN 3052–AC81 participate in the public meeting, to Administration, McLean, VA 22102– submit in writing by August 7, 2015, Regulatory Capital Rules: Regulatory 5090, (720) 213–0924, TTY (703) 883– comments and information on matters Capital, Implementation of Tier 1/Tier 2 4056; addressed in the Framework Document Framework or and on other matters relevant to DOE’s consideration of coverage of and AGENCY:Farm Credit Administration. Rebecca S. Orlich, Senior Counsel, or standards for fluorescent lamp ballasts. Jennifer A. Cohn, Senior Counsel, Proposed rule; reopening of ACTION: The public meeting will be conducted Office of General Counsel, Farm comment period. in an informal, facilitated, conference Credit Administration, McLean, VA style. There shall be no discussion of SUMMARY: The Farm Credit 22102–5090, (703) 883–4020, TTY proprietary information, costs or prices, Administration (FCA or we) is (703) 883–4056. mstockstill on DSK4VPTVN1PROD with PROPOSALS market shares, or other commercial reopening the comment period on the SUPPLEMENTARY INFORMATION: On matters regulated by U.S. antitrust laws. proposed rule that would revise our September 4, 2014, FCA published a A court reporter will record the regulatory capital requirements for Farm proposed rule to revise our regulatory proceedings of the public meeting, after Credit System (System) institutions to capital requirements for Farm Credit which a transcript will be available for include tier 1 and tier 2 risk-based System (System) institutions to establish purchase from the court reporter and capital ratio requirements, a tier 1 tier 1/tier 2 risk-based capital ratio placed on the DOE Web site at: http:// leverage requirement, a capital requirements (replacing core surplus www1.eere.energy.gov/buildings/ conservation buffer, revised risk and total surplus ratios), a tier 1 VerDate Sep<11>2014 16:48 Jun 22, 2015 Jkt 235001 PO 00000 Frm 00019 Fmt 4702 Sfmt 4702 E:\FR\FM\23JNP1.SGM 23JNP1

Federal Register / Vol. 80, No. 120 / Tuesday, June 23, 2015 / Proposed Rules 35889 leverage ratio requirement (replacing a Instrument Flight Rules (IFR) operations detail the scope of the agency’s net collateral requirement for System for Standard Instrument Approach authority. This rulemaking is banks), a capital conservation buffer, Procedures (SIAPs) at the airport and to promulgated under the authority revised risk weightings, and additional address inaccuracy identified by FAA described in Subtitle VII, Part A, publish disclosure requirements.1 The Airspace Policy and Support that V–19, Subpart I, Section 40103. Under that revisions to the risk weightings would which is no longer located in the area, section, the FAA is charged with include replacing references to credit is used in the legal description of the prescribing regulations to assign the use ratings with alternative risk airspace. of the airspace necessary to ensure the measurements, as required by the Dodd- DATES: Comments must be received on safety of aircraft and the efficient use of Frank Wall Street Reform and Consumer or before August 7, 2015. airspace. This regulation is within the Protection Act. The comment period on scope of that authority as it would ADDRESSES: Send comments on this the proposed rule, after an extension, amend controlled airspace at Converse proposal to the U.S. Department of closed February 16, 2015.2 County Airport, Douglas, WY. Transportation, Docket Operations, M– FCA received a letter dated March 30, 30, West Building Ground Floor, Room Comments Invited 2015, from the Farm Credit Council, a W12–140, 1200 New Jersey Avenue SE., trade association representing System Interested parties are invited to Washington, DC 20590; telephone (202) participate in this proposed rulemaking institutions, requesting FCA to reopen 366–9826. You must identify FAA the comment period. The Farm Credit by submitting such written data, views, Docket No. FAA–2015–1089; Airspace or arguments, as they may desire. Council stated that the reason for its Docket No. 15–ANM–11, at the request was to give System institutions Comments that provide the factual basis beginning of your comments. You may supporting the views and suggestions the opportunity to meet with FCA Board also submit comments through the members that joined the FCA Board on presented are particularly helpful in Internet at http://www.regulations.gov. developing reasoned regulatory March 13 and 17, 2015, in order to You may review the public docket discuss the proposed rule. decisions on the proposal. Comments containing the proposal, any comments are specifically invited on the overall In response to this request, we are received, and any final disposition in regulatory, aeronautical, economic, reopening the comment period on June person in the Dockets Office between environmental, and energy-related 26 through July 10, 2015. Because the 9:00 a.m. and 5:00 p.m., Monday aspects of the proposal. proposed rule contains significant through Friday, except Federal holidays. Communications should identify both revisions to the regulatory capital The Docket Office (telephone 1–800– docket numbers and be submitted in framework in existing FCA regulations, 647–5527), is on the ground floor of the triplicate to the address listed above. we believe it is important to give building at the above address. Commenters wishing the FAA to interested parties additional time to FAA Order 7400.9Y, Airspace provide comments to the FCA Board. acknowledge receipt of their comments Designations and Reporting Points, and on this notice must submit with those Reopening the comment period will subsequent amendments can be viewed ensure transparency in the process. comments a self-addressed, stamped online at http://www.faa.gov/air_traffic/ postcard on which the following Dated: June 17, 2015. publications/. The Order is also statement is made: ‘‘Comments to Dale L. Aultman, available for inspection at the National Docket No. FAA–2015–1089; Airspace Secretary, Farm Credit Administration Board. Archives and Records Administration Docket No. 15–ANM–11.’’ The postcard [FR Doc. 2015–15348 Filed 6–22–15; 8:45 am] (NARA). For information on the will be date/time stamped and returned BILLING CODE 6705–01–P availability of this material at NARA, to the commenter. call 202–741–6030, or go to http:// www.archives.gov/federal_register/ Availability of NPRMs DEPARTMENT OF TRANSPORTATION code_of_federal-regulations/ibr_ An electronic copy of this document locations.html. may be downloaded through the Federal Aviation Administration FAA Order 7400.9, Airspace Internet at http://www.regulations.gov. Designations and Reporting Points, is Recently published rulemaking 14 CFR Part 71 published yearly and effective on documents can also be accessed through September 15. For further information, the FAA’s Web page at http:// [Docket No. FAA–2015–1089; Airspace you can contact the Airspace Policy and Docket No. 15–ANM–11] www.faa.gov/airports_airtraffic/air_ Regulations Group, Federal Aviation traffic/publications/airspace_ Proposed Amendment of Class E Administration, 800 Independence amendments/. Airspace; Douglas, WY Avenue SW., Washington, DC, 20591; You may review the public docket telephone: 202–267–8783. containing the proposal, any comments AGENCY: Federal Aviation FOR FURTHER INFORMATION CONTACT: received, and any final disposition in Administration (FAA), DOT. Steve Haga, Federal Aviation person in the Dockets Office (see the ACTION: Notice of proposed rulemaking Administration, Operations Support ADDRESSES section for the address and (NPRM). Group, Western Service Center, 1601 phone number) between 9:00 a.m. and Lind Avenue SW., Renton, WA 98057; 5:00 p.m., Monday through Friday, SUMMARY: This action proposes to telephone (425) 203–4563. except federal holidays. An informal modify Class E airspace at Converse docket may also be examined during mstockstill on DSK4VPTVN1PROD with PROPOSALS County Airport, Douglas, WY. After a SUPPLEMENTARY INFORMATION: normal business hours at the Northwest review of the airspace, the FAA found Authority for This Rulemaking Mountain Regional Office of the Federal it necessary to modify the airspace to The FAA’s authority to issue rules Aviation Administration, Air Traffic enhance the safety and management of regarding aviation safety is found in Organization, Western Service Center, 1 79 Title 49 of the U.S. Code. Subtitle 1, Operations Support Group, 1601 Lind FR 52814 (September 4, 2014). 2 Theoriginal comment period of 120 days was Section 106, describes the authority for Avenue SW., Renton, WA 98057. extended an additional 45 days. See 79 FR 76927 the FAA Administrator. Subtitle VII, Persons interested in being placed on (December 23, 2014). Aviation Programs, describes in more a mailing list for future NPRMs should VerDate Sep<11>2014 16:48 Jun 22, 2015 Jkt 235001 PO 00000 Frm 00020 Fmt 4702 Sfmt 4702 E:\FR\FM\23JNP1.SGM 23JNP1


Document Created: 2018-02-22 11:15:09
Document Modified: 2018-02-22 11:15:09
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionProposed Rules
ActionProposed rule; reopening of comment period.
DatesYou may send us comments from June 26, 2015, through July 10, 2015.
ContactJ.C. Floyd, Associate Director, Finance and Capital Markets Team, Office of Regulatory Policy, Farm Credit Administration, McLean, VA 22102-5090, (720) 213-0924, TTY (703) 883-4056;
FR Citation80 FR 35888 
RIN Number3052-AC81
CFR Citation12 CFR 607
12 CFR 614
12 CFR 615
12 CFR 620
12 CFR 628
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