Federal Agricultural Mortgage Corporation; Receivers and Conservators

Samenvatting

The Farm Credit Administration (FCA), by the FCA Board (Board), proposes to amend the regulations that appertain to the Federal Agricultural Mortgage Corporation (Farmer Mac or Corporation) by adding a subpart to govern a receivership or conservatorship. This action is the result of changes made to the Farm Credit Act of 1971, as amended (Act), by the Farm Credit System Reform Act of 1996 (1996 Reform Act), Pub. L. 104-105 (Feb. 10, 1996). The proposed rule implements the receivership/conservatorship authorities granted to the FCA in the 1996 Reform Act and by previous law.