Rolnictwo i finanse · 24.06.1998
Assessment and Apportionment of Administrative Expenses; Technical Change
The Farm Credit Administration (FCA or Agency), through the FCA Board (Board), issues a direct final rule that makes technical amendments to its assessment regulations in order to conform to the recently adopted FCA Board policy statement on its financial institution rating system. The Financial Institution Rating System (FIRS) is the rating system used by FCA examiners for evaluating and categorizing the safety and soundness of Farm Credit System (System) institutions on an ongoing, uniform, and comprehensive basis. The FIRS modified the FCA Rating System (which had been referred to as the CAMEL rating system) by adding a separate rating factor for sensitivity to market risk. In accordance with the FIRS policy statement, these technical amendments replace the reference to ``composite CAMEL rating'' (the acronym CAMEL referred to the following five rating components: capital, asset quality, management, earnings, and liquidity), with ``composite Financial Institution Rating System (FIRS) rating'' and replace references to ``CAMEL'' with ``FIRS.'' The technical amendments do not substantively change the FCA assessment process or adversely affect System institutions.