Title 12, Part 615 — Funding and Fiscal Affairs, Loan Policies and Operations, and Funding Operations

General responsibilities.

Funding Corporation.

Borrowings from commercial banks.

Borrowings from financial institutions other than commercial banks.

Definitions.

Collateral requirements.

Special collateral requirement.

Reduction in carrying value of collateral.

Authority to issue.

Requirements for issuance.

Issuance of debt obligations through the Funding Corporation.

§§ 615.5103-615.5104 [Reserved]

Consolidated Systemwide notes.

Authority to issue (other funding).

Purchase eligibility requirement.

Procedures.

Definitions.

Investment purposes.

Investment management.

Liquidity reserve.

Emergencies impeding normal access of Farm Credit banks to capital markets.

Eligible investments.

[Reserved]

Management of ineligible investments and reservation of authority to require divestiture.

Banks for cooperatives and agricultural credit banks.

Real and personal property.

Transfer of capital from banks to associations.

Production credit association and agricultural credit association investment in farmers' notes given to cooperatives and dealers.

Stock of the Federal Agricultural Mortgage Corporation.

Farmer Mac securities.

Investments in Farm Credit System institution preferred stock.

Bank interest rate risk management program.

Interest rate risk management by associations and other Farm Credit System institutions other than banks.

Capital planning.

Definitions.

Minimum permanent capital standards.

Permanent capital ratio computation.

Capital adjustments and associated reductions to assets.

Allotment of allocated investments.

§§ 615.5209-615.5212 [Reserved]

Distribution of earnings.

[Reserved]

Capitalization bylaws.

Implementation of cooperative principles.

Regulatory capital requirements.

Limitations on association preferred stock.

Disclosure requirements for sales of borrower stock.

Disclosure and review requirements for sales of other equities.

Retirement of eligible borrower stock.

Retirement of other equities.

Retirement in event of default.

Retirement of capital stock and participation certificates in event of restructuring.

Payment of dividends.

General—Applicability.

Standards for determination of appropriate individual institution minimum capital ratios.

Procedures.

Relation to other actions.

Enforcement.

Purpose and scope.

Notice of intent to issue a capital directive.

Response to notice.

Decision.

Issuance of a capital directive.

Reconsideration based on change in circumstances.

Relation to other administrative actions.

Definitions.

Book-entry and definitive securities.

Law governing rights and obligations of Federal Reserve Banks, Farm Credit banks, and Funding Corporation; rights of any person against Federal Reserve Banks, Farm Credit banks, and Funding Corporation.

Law governing other interests.

Creation of participant's security entitlement; security interests.

Obligations of the Farm Credit banks and the Funding Corporation; no adverse claims.

Authority of Federal Reserve Banks.

Withdrawal of eligible book-entry securities for conversion to definitive form.

Waiver of regulations.

Liability of Farm Credit banks, Funding Corporation and Federal Reserve Banks.

Additional provisions.

Lost, stolen, destroyed, mutilated or defaced Farm Credit securities, including coupons.

Restrictive endorsement of bearer securities.

Definitions.

Issuance of global debt securities.

Bankers' acceptances.

Book-entry procedures for Federal Agricultural Mortgage Corporation Securities.