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News ReleaseFarm Credit Administration
1501 Farm Credit Drive
McLean, Virginia 22102-5090


Printer-friendly version => NR_13-03_02-14-13.pdfNR_13-03_02-14-13.pdf

For Immediate Release
NR 13-03 (02-14-13)
Contact: Mike Stokke or Christine Quinn, 703-883-4056
E-mail: info-line@fca.gov
Website: www.fca.gov

FCA Board Approves Spring 2013 Unified Agenda, Regulatory Projects Plan

McLEAN, Va., Feb. 14, 2013 — The Farm Credit Administration (FCA) Board today approved the abstract of its spring 2013 submission for the Unified Agenda of Federal Regulatory and Deregulatory Actions and the Spring 2013 Regulatory Projects Plan.

FCA’s Unified Agenda submission identifies the FCA Board’s regulatory priorities for the next 12 months. The submission identifies 21 rulemaking items that FCA is considering:

The proposed abstract also identifies four new projects that are in the pre-rule stage:

In addition, it identifies five actions whose pre-rule review will be completed in 2013:

The proposed abstract identifies two rulemaking actions as pending: the Farmer Mac Risk-Based Capital Stress Test, Version 5.0, and Rural Community Investments.

The information in FCA’s submission will be included in the official Unified Regulatory Agenda, which is published semiannually on the Internet at www.reginfo.gov.

The Regulatory Projects Plan shows only the reviews and actions that are projected to occur over the next 12 months, and it is posted on the FCA website at www.fca.gov/law/proj_plan.html.

Report
During the closed session of the meeting, the Board received a quarterly report from the Office of Secondary Market Oversight.

Notational Votes
Since the Jan. 10 FCA Board meeting, one notational vote has occurred. Notational votes are actions the FCA Board takes between Board meetings.
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The Farm Credit Administration is the safety and soundness regulator of the cooperative Farm Credit System and the Federal Agricultural Mortgage Corporation (Farmer Mac). FCA charters, regulates, and examines the 94 banks, associations, service corporations and special-purpose entities of the Farm Credit System. The System makes loans to agricultural producers and their cooperatives nationwide. It includes Farmer Mac, which provides a secondary market for agricultural real estate loans, rural housing mortgage loans, and certain rural utility loans. Members of the FCA Board are Jill Long Thompson, Board Chair and CEO; Kenneth A. Spearman; and Leland A. Strom.

Note: FCA news releases are available on the Web at www.fca.gov.