{"abstract":"The Farm Credit Administration (FCA) proposes to change its regulatory capital standards on recourse obligations, direct credit substitutes, residual interests, asset- and mortgage-backed securities, guarantee arrangements, claims on securities firms, and certain qualified residential loans. We are modifying our risk-based capital requirements to more closely match a Farm Credit System (FCS or System) institution's relative risk of loss on these credit exposures to its capital requirements. In doing so, we propose to risk-weight recourse obligations, direct credit substitutes, residual interests, and asset- and mortgage-backed securities based on external credit ratings from nationally recognized statistical rating organizations (NRSROs). In addition, our proposal will make our regulatory capital treatment more consistent with that of the other financial regulatory agencies for transactions and assets involving similar risk and address financial structures and transactions developed by the market since our last update. We also propose to make a number of nonsubstantive changes to our regulations to make them easier to use.","action":"Proposed rule.","agencies":[{"raw_name":"FARM CREDIT ADMINISTRATION","name":"Farm Credit Administration","id":154,"url":"https://www.federalregister.gov/agencies/farm-credit-administration","json_url":"https://www.federalregister.gov/api/v1/agencies/154","parent_id":null,"slug":"farm-credit-administration"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2004/08/06/04-17570.html","cfr_references":[{"chapter":null,"citation_url":null,"part":607,"title":12},{"chapter":null,"citation_url":null,"part":614,"title":12},{"chapter":null,"citation_url":null,"part":615,"title":12},{"chapter":null,"citation_url":null,"part":620,"title":12}],"citation":"69 FR 47984","comment_url":null,"comments_close_on":"2004-11-04","correction_of":null,"corrections":[],"dates":"Please send your comments to us by November 4, 2004.","disposition_notes":null,"docket_ids":[],"dockets":[],"document_number":"04-17570","effective_on":null,"end_page":48006,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2004/08/06/04-17570.xml","html_url":"https://www.federalregister.gov/documents/2004/08/06/04-17570/assessment-and-apportionment-of-administrative-expenses-loan-policies-and-operations-funding-and","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/04-17570?publication_date=2004-08-06","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2004-08-06/04-17570/mods.xml","not_received_for_publication":null,"page_length":23,"page_views":{"count":68,"last_updated":"2026-10-23 04:15:03 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2004-08-06/pdf/04-17570.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":null,"publication_date":"2004-08-06","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2004/08/06/04-17570.txt","regulation_id_number_info":{"3052-AC09":{"issue":"200404","html_url":"https://www.federalregister.gov/regulations/3052-AC09/funding-and-fiscal-affairs-loan-policies-and-operations-and-funding-operations-capital-adequacy-risk","title":"Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations; Capital Adequacy--Risk-Weighting Revisions","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=200404&RIN=3052-AC09&operation=OPERATION_EXPORT_XML","priority_category":"Other Significant"}},"regulation_id_numbers":["3052-AC09"],"regulations_dot_gov_info":{"checked_regulationsdotgov_at":"2011-11-12T12:50:21Z"},"regulations_dot_gov_url":null,"significant":true,"signing_date":null,"start_page":47984,"subtype":null,"title":"Assessment and Apportionment of Administrative Expenses; Loan Policies and Operations; Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations; Disclosure to Shareholders; Capital Adequacy Risk-Weighting Revisions","toc_doc":"Capital standards and requirements","toc_subject":"Farm credit system:","topics":["Accounting","Agriculture","Banks, banking","Flood insurance","Foreign trade","Government securities","Investments","Reporting and recordkeeping requirements","Rural areas"],"type":"Proposed Rule","volume":69}