Rolnictwo i finanse · 28.07.1998

Notice of Availability of Study and Request for Comment

The Farm Credit Administration (FCA or Agency), acting through the Office of Secondary Market Oversight (OSMO), is required, under section 8.32 of the Farm Credit Act of 1971, as amended (Act), to establish a risk-based capital regulation for the Federal Agricultural Mortgage Corporation (Farmer Mac). The FCA is in the process of developing this regulation and will publish a proposed regulation for comment no sooner than February 1999. The credit risk portion of the prescribed risk-based capital test must take into account agricultural mortgage losses in an area containing not less than 5 percent of the U.S. population during a 2- year historic period in which the highest rates of losses occurred. After an extensive search for applicable data on agricultural mortgage loan losses, the FCA was able to obtain useful data from the Farm Credit Bank of Texas. FCA contracted with the firm of Barry and Associates to study these data, to make extrapolations of loss data for other states in order to identify the geographic area meeting the criteria of the Act, and to determine the applicable credit risk component. The FCA is making the results of this study available for public comment and s