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Capital Adequacy - Capital Components; Basel Accord Tier 1/Tier 2 - ANPRM


-----Original Message-----
 From: Bienz, Dan
 Sent: Tuesday, March 04, 2008 11:44 AM
 To: 'reg-com@fca.gov'
 Cc: Lorello, Joanne; Jacob, Andrew (E-mail); Williams, Doug; Stewart, Jamie; Doyle, Larry (E-mail); Engel, Bob (E-mail); Lowrey, Andy (E-mail); Rhodes, Darryl (E-mail); York, Bill (E-mail); Harrison, Luetta (E-mail); Hide, Julie (E-mail); Jones, Della (E-mail); Monroe, Donna (E-mail); Payne, Sherrie (E-mail); Rees, Marilyn (E-mail); Sinnett, Dee (E-mail); Swanson, Carol (E-mail); Bienz, Dan (work) (E-mail); Buckner, Allen (E-mail); Cole, Diane (E-mail); Curtis, Darrell (E-mail); Dana, Charlie (E-mail); Herring, Scott (E-mail); Isaac, Les (E-mail); Jensen, Mark (E-mail); Littlefield, Mark (E-mail); Marsh, H. John Jr. (E-mail); Miller, Mark (E-mail); Monson, Richard (E-mail); Moore, Jeff (E-mail); Nakano, Tom (E-mail); Pfeifer, Charles (E-mail); Reno, Greg (E-mail); Staley, Steve (E-mail); VandeVanter, Don (E-mail); Anderson, Ross B. (E-mail); Grizzell, Dennis (E-mail); Melton, Bill (E-mail); Wilhelm, Doug (E-mail); Amerson, Timmy (E-mail); Butler, Charl (E-mail); Hill,Tom (E-mail); Jackson, Brian (E-mail); Janish, David (E-mail); O'Keane, Brian (E-mail)
Subject: Request for Extension of Comment Period

Via E-Mail

To: Gary K. Van Meter
  Deputy Director
  Office of Regulatory Policy
  Farm Credit Administration

From: Jamie B. Stewart, Jr.

cc: Presidents and CEOs,
  Farm Credit System Banks
  Capital ANPR Work Group

Date: March 4, 2008

Subject: Request for Extension of Comment Period

The Federal Farm Credit Banks Funding Corporation, on behalf of the System Banks and Associations, appreciates this opportunity to comment on the advanced notice of proposed rulemaking published in the October 31, 2007 Federal Register concerning possible modifications to the risk-based capital rules for Farm Credit System institutions.  The System is supportive of the Agency' s regulatory effort to modernize the regulatory capital requirements for System institutions and appreciates the opportunity extended to-date to dialogue with the Agency.  However, for the reasons discussed in the attached letter, we would like to request an extension of the comment period to December 31, 2008.

If you have any questions, please feel free to contact John Marsh (201-200-8071) or me (201-200-8001).
comment letter 4Mar08.pdf>>

Daniel M. Bienz
201-200-8070










Funding Corp Extension Request 3_4_08.pdf