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News Release | NR 26-01 (1-08-26)

FCA board receives report on new integrated technology plan and approves proposed rule amending permanent capital regulations

McLEAN, Va., Jan. 8, 2026 — At its monthly meeting today, the Farm Credit Administration (FCA) board received a report (PDF) on the agency’s integrated technology plan and approved a proposed rule amending FCA permanent capital and other capital-related regulations.

Integrated technology plan

FCA has initiated a new integrated technology plan to keep pace with rapid changes in technology. The plan aims to foster innovation, implement new capabilities, and prepare agency platforms for emerging opportunities. Over the past 18 months, FCA improved its infrastructure and services. This new plan will build on those efforts by boosting productivity, efficiency, and enhanced communications with the Farm Credit System (FCS) while supporting safety and soundness.

The plan focuses on two key areas: facilitating innovation and developing flexible technology platforms. FCA’s Office of Examination, Office of Data Analytics and Economics, and Office of Information Technology have worked collaboratively to deploy FCALabs, a new platform that engages staff to identify opportunities and inventive solutions.

FCA is also forming a data and technology planning group that will evaluate, select, and prioritize new projects, ensuring mission focus and appropriate returns on the agency’s technology investments.

In fiscal year 2026, FCA will accelerate technology modernization to develop and deploy new cloud-based platforms with artificial intelligence capabilities and automated workflows. We will continue to migrate existing software to the cloud and modernize platforms like the Consolidated Reporting System to improve data accuracy and enhance interaction with the FCS.

Notice of proposed rulemaking

During the meeting, the FCA board approved a proposed rule that would amend the agency’s permanent capital regulations and update other capital-related regulations.

The proposed rule would:

  • Replace references to permanent capital with references to tier 1 and tier 2 capital.
  • Simplify the calculation of the permanent capital ratio.
  • Eliminate permanent capital reporting requirements from published financial reports.
  • Make other clarifications, corrections, and technical updates to capital-related regulations.

The proposed rule would reduce the burden of calculating permanent capital and clarify its use in evaluating the safety and soundness of FCS institutions. It would also further shift FCA’s focus from permanent capital to tier 1 and tier 2 capital as the appropriate measure for evaluating the quality and quantity of System institution capital.

Notational votes

Since the Dec. 11 FCA board meeting, no notational votes have occurred. Notational votes are actions the FCA board takes between board meetings.