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Regulatory projects plan

The agency posts its regulatory projects plan twice a year, coinciding with its semiannual update of the Unified Regulatory Agenda, which is published on the web at RegInfo.gov in the spring and fall of each year.

The plan describes the regulatory and policy projects scheduled for the next 12 months. The goal in providing the plan is to make upcoming regulatory actions transparent.

The plan is also available as a PDF.

Fall 2019 Regulatory Projects Plan

Regulation Title/
RIN
Type of
Action

Abstract

Investment Eligibility

3052-AD35

NPRM

08/00/2019

Would consider whether to include certain obligations unconditionally guaranteed by the United States Department of Agriculture as eligible investments for associations.

Implementation of the Current Expected Credit Losses Methodology for Allowances and Related Adjustments to the Regulatory Capital Rule & Conforming Amendments

3052-AD36

NPRM

08/00/2019

Would address changes to U.S. generally accepted accounting principles (U.S. GAAP) described in Accounting Standards Update No. 201613, Topic 326, Financial Instruments Credit Losses (ASU 201613), including System institutions’ implementation of the current expected credit losses methodology. Specifically, the proposal would revise the Agency’s regulatory capital rules to identify which credit loss allowances under the new accounting standard are eligible for inclusion in regulatory capital. The rulemaking would also make conforming amendments to other regulations that reference credit loss allowances.

Margin and Capital Requirements for Covered Swap Entities — LIBOR

3052-AD38

NPRM

09/00/2019

Would amend the regulation governing Margin and Capital Requirements for Covered Swap Entities to clarify that certain non-cleared swaps would retain their legacy status if they are amended solely to substitute another reference rate for LIBOR as it is phased out and to address other issues. (Joint Agency Rulemaking)

Cooperative Principles

3052-AD40

Begin Review

10/00/2019

This review would consider cooperative principles and practices at System institutions including, but not limited to, whether revisions to Parts 611 and 615 are needed regarding association stock issuance policies and the impact of those policies on district bank governance.

Amortization Limits — Agricultural Credit Associations and Production Credit Associations

3052-AC92

NPRM

11/00/2019

Would consider clarifying or changing the amortization limits for agricultural credit associations and production credit associations.

District Financial Reporting

3052-AD37

NPRM

12/00/2019

Would consider revisions to FCA regulations on district financial reporting format, content, and distribution.

Margin and Capital Requirements for Covered Swap Entities

3052-AD34

Final Rule

12/00/2019

This interagency final rule amends regulations governing the status of legacy swaps between a covered swap entity’s affiliate or related establishment in the United Kingdom (U.K.) and a European Union (EU) counterparty when the U.K. affiliate or establishment transfers the swaps to an affiliate or other related establishment located within the (EU) if the U.K. withdraws from the EU without an agreement. (Joint Agency Rulemaking)

Standards of Conduct

3052-AC44

Final Rule

12/00/2019

Would revise the existing standards of conduct regulations in Subpart A, Part 612, and provide for a more principle-based rule to facilitate a sound standards of conduct program at System institutions.

Appraisal Regulations

3052-AC94

NPRM

01/00/2020

Would consider revisions to collateral evaluation regulations in light of changing credit and economic conditions.

Criteria to Reinstate Non-Accrual Loans

3052-AD09

Final Rule

02/00/2020

 

Would provide more objective criteria related to the reasonable doubt of the borrower’s willingness and ability to pay in 12 CFR 621.9(c). Additionally, this rulemaking would align related rules in 12 CFR 621.9 for consistent treatment of a loan in nonaccrual status.

Eligibility Criteria for Outside Directors

3052-AC97

Final Rule

02/00/2020

Would consider eligibility criteria for outside directors, particularly in situations where an individual owns an interest in an entity that is a borrower/stockholder of a System bank or association.

Borrower Rights

3052-AD20

NPRM

03/00/2020

Would consider revisions to regulations in Part 617 on borrower rights to clarify disclosure and servicing requirements.

Revision to Tier 1/ Tier 2/ Permanent Capital

3052-AD27

NPRM

03/00/2020

Would amend the Tier 1/ Tier 2 Regulatory Capital and related regulations by making technical and minor substantive corrections and clarifications.

Limitations on Bank Director Compensation

3052-AD39

NPRM

05/00/2020

Would revise FCA regulations on compensation of bank directors to comply with the Agriculture Improvement Act of 2018.

 

Investment Eligibility

3052-AD35

Final Rule

06/00/2020

Would consider whether to include certain obligations unconditionally guaranteed by the United States Department of Agriculture as eligible investments for associations.

Implementation of the Current Expected Credit Losses   Methodology for Allowances and Related Adjustments to the Regulatory Capital Rule & Conforming Amendments

3052-AD36

Final Rule

06/00/2020

Would address changes to U.S. generally accepted accounting principles (U.S. GAAP) described in Accounting Standards Update No. 201613, Topic 326, Financial Instruments Credit Losses (ASU 201613), including System institutions’ implementation of the current expected credit losses methodology. Specifically, the proposal would revise the Agency’s regulatory capital rules to identify which credit loss allowances under the new accounting standard are eligible for inclusion in regulatory capital. The rulemaking would also make conforming amendments to other regulations that reference credit loss allowances.

Young, Beginning, Small Farmers and Ranchers

3052-AD32

To be determined

Would consider whether changes are appropriate to FCA regulations and guidance on young, beginning and small (YBS) farmers and ranchers, including reporting of YBS farmers and ranchers operations and achievements.

Page updated: July 26, 2019