[Federal Register Volume 63, Number 185 (Thursday, September 24, 1998)] [Notices] [Pages 51069-51070] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 98-25503] ======================================================================= ----------------------------------------------------------------------- FARM CREDIT ADMINISTRATION Farmer Mac Risk-Based Capital
Agency
Farm Credit Administration.
Action
Notice of availability of study; comment period extension.
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Summary
On July 28, 1998, the Farm Credit Administration (FCA) published for public comment a Notice of Availability of Study concerning procedures for estimating the historical default and loss experience on agricultural real estate loans that meet the Federal Agricultural Mortgage Corporation (Farmer Mac) eligibility criteria, a required component of a risk-based capital standard. See 63 FR 40282, July 28, 1998. The comment period expired on September 15, 1998. In order to allow interested parties additional time to respond the FCA extends the comment period until January 4, 1999, and invites further public comment on the notice of availability.
Dates
Written comments should be received on or before January 4, 1999.
Addresses
You may obtain a copy of the study by downloading from the FCA web page at www.fca.gov; or by submitting an electronic mail request for a copy to info-line@fca.gov; or by contacting George D. Irwin, Director, Office of Secondary Market Oversight, Farm Credit Administration, 1501 Farm Credit Drive, McLean, VA 22102-5090, (703) 883-4280. Submit your comments via electronic mail to ``reg-comm@fca.gov'' or in hard copy to George D. Irwin, Director, Office of Secondary Market Oversight, Farm Credit Administration, 1501 Farm Credit Drive, McLean, VA 22102-5090. Copies of all comments received will be available for review by interested parties at the Farm Credit Administration offices in McLean, Virginia.
For Further Information Contact
George D. Irwin, Director, Office of Secondary Market Oversight, Farm Credit Administration, 1501 Farm Credit Drive, McLean, VA 22102-5090, (703) 883-4280, TDD (703) 883- 4444.
Supplementary Information
On July 28, 1998, the FCA published a notice in the Federal Register that sought information and guidance from the public that may offer (1) Information that leads to additional relevant data sources; (2) suggestions that might improve use of the study in developing risk-based capital regulations; and (3) any other ideas that might lead to an improved credit risk component in the risk-based capital regulation being developed for Farmer Mac.
The FCA cautioned commenters that this study is based on currently available data, which we have found to be very limited. The FCA is making the study available at this time solely for informational purposes and to seek additional input. FCA may elect to use alternative approaches in developing the credit risk component of the risk-based capital regulations. Several interested parties have advised the FCA that they need additional time to prepare thoughtful responses to the notice of availability. For this reason, the FCA hereby extends the comment period until January 4, 1999.
Dated: September 17, 1998. Floyd Fithian, Secretary, Farm Credit Administration Board. [FR Doc. 98-25503 Filed 9-23-98; 8:45 am] BILLING CODE 6705-01-M