12 CFR § 653.2 - General.

---
identifier: "/us/cfr/t12/s653.2"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 653.2 - General."
title_number: 12
title_name: "Banks and Banking"
section_number: "653.2"
section_name: "General."
chapter_name: "FARM CREDIT ADMINISTRATION"
subchapter_number: "B"
subchapter_name: "FARM CREDIT SYSTEM"
part_number: "653"
part_name: "FEDERAL AGRICULTURAL MORTGAGE CORPORATION RISK MANAGEMENT"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "Secs. 8.3, 8.4, 8.6, 8.8, and 8.10 of Pub. L. 92-181, 85 Stat. 583 (12 U.S.C. 2279aa-3, 2279aa-4, 2279aa-6, 2279aa-8, and 2279aa-10)."
regulatory_source: "81 FR 49154, July 27, 2016, unless otherwise noted."
cfr_part: "653"
---


# 653.2 General.

The Corporation's board of directors must approve the overall risk-appetite of the Corporation and regularly monitor internal controls to provide reasonable assurance that risk-taking activities are conducted in a safe and sound manner.