e-CFR data is current as of May 28, 2020
TITLE 12—Banks and Banking
CHAPTER VI—FARM CREDIT ADMINISTRATION SUBCHAPTER B—FARM CREDIT SYSTEM PART 615—FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND FUNDING OPERATIONS
Subpart A—FUNDING
|
| General responsibilities. |
|
|
| Borrowings from commercial banks. |
|
|
| Borrowings from financial institutions other than commercial banks. |
|
Subpart B—COLLATERAL
|
| Special collateral requirement. |
|
|
| Reduction in carrying value of collateral. |
|
Subpart C—ISSUANCE OF BONDS, NOTES, DEBENTURES AND SIMILAR OBLIGATIONS
|
| Requirements for issuance. |
|
|
| Issuance of debt obligations through the Funding Corporation. |
|
|
| Consolidated Systemwide notes. |
|
Subpart D—OTHER FUNDING
|
| Authority to issue (other funding). |
|
|
| Purchase eligibility requirement. |
|
Subpart E—INVESTMENT MANAGEMENT
|
| Emergencies impeding normal access of Farm Credit banks to capital markets. |
|
|
| Management of ineligible investments and reservation of authority to require divestiture. |
|
|
| Banks for cooperatives and agricultural credit banks. |
|
Subpart F—PROPERTY, TRANSFERS OF CAPITAL, AND OTHER INVESTMENTS
|
| Real and personal property. |
|
|
| Transfer of capital from banks to associations. |
|
|
| Production credit association and agricultural credit association investment in farmers' notes given to cooperatives and dealers. |
|
|
| Stock of the Federal Agricultural Mortgage Corporation. |
|
|
| Investments in Farm Credit System institution preferred stock. |
|
Subpart G—RISK ASSESSMENT AND MANAGEMENT
|
| Bank interest rate risk management program. |
|
|
| Interest rate risk management by associations and other Farm Credit System institutions other than banks. |
|
Subpart H—CAPITAL ADEQUACY
|
| Minimum permanent capital standards. |
|
|
| Permanent capital ratio computation. |
|
|
| Capital adjustments and associated reductions to assets. |
|
|
| Allotment of allocated investments. |
|
|
| Distribution of earnings. |
|
Subpart I—ISSUANCE OF EQUITIES
|
| Implementation of cooperative principles. |
|
|
| Regulatory capital requirements. |
|
|
| Limitations on association preferred stock. |
|
|
| Disclosure requirements for sales of borrower stock. |
|
|
| Disclosure and review requirements for sales of other equities. |
|
Subpart J—RETIREMENT OF EQUITIES AND PAYMENT OF DIVIDENDS
|
| Retirement of eligible borrower stock. |
|
|
| Retirement of other equities. |
|
|
| Retirement in event of default. |
|
|
| Retirement of capital stock and participation certificates in event of restructuring. |
|
Subpart K—[RESERVED]
Subpart L—ESTABLISHMENT OF MINIMUM CAPITAL RATIOS FOR AN INDIVIDUAL INSTITUTION
|
| Standards for determination of appropriate individual institution minimum capital ratios. |
|
|
| Relation to other actions. |
|
Subpart M—ISSUANCE OF A CAPITAL DIRECTIVE
|
| Notice of intent to issue a capital directive. |
|
|
| Issuance of a capital directive. |
|
|
| Reconsideration based on change in circumstances. |
|
|
| Relation to other administrative actions. |
|
Subpart N—[RESERVED]
Subpart O—BOOK-ENTRY PROCEDURES FOR FARM CREDIT SECURITIES
|
| Book-entry and definitive securities. |
|
|
| Law governing rights and obligations of Federal Reserve Banks, Farm Credit banks, and Funding Corporation; rights of any person against Federal Reserve Banks, Farm Credit banks, and Funding Corporation. |
|
|
| Law governing other interests. |
|
|
| Creation of participant's security entitlement; security interests. |
|
|
| Obligations of the Farm Credit banks and the Funding Corporation; no adverse claims. |
|
|
| Authority of Federal Reserve Banks. |
|
|
| Withdrawal of eligible book-entry securities for conversion to definitive form. |
|
|
| Liability of Farm Credit banks, Funding Corporation and Federal Reserve Banks. |
|
|
| Lost, stolen, destroyed, mutilated or defaced Farm Credit securities, including coupons. |
|
|
| Restrictive endorsement of bearer securities. |
|
Subpart P—GLOBAL DEBT SECURITIES
|
| Issuance of global debt securities. |
|
Subpart Q—BANKERS' ACCEPTANCES
Subpart R—[RESERVED]
Subpart S—FEDERAL AGRICULTURAL MORTGAGE CORPORATION SECURITIES
|
| Book-entry procedures for Federal Agricultural Mortgage Corporation Securities. |
|
| 
