Part 615 - FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND FUNDING OPERATIONS  


Subpart A — Funding
§ 615.5000 General responsibilities.
§ 615.5010 Funding Corporation.
§ 615.5030 Borrowings from commercial banks.
§ 615.5040 Borrowings from financial institutions other than commercial banks.
Subpart B — Collateral
§ 615.5045 Definitions.
§ 615.5050 Collateral requirements.
§ 615.5060 Special collateral requirement.
§ 615.5090 Reduction in carrying value of collateral.
Subpart C — Issuance of Bonds, Notes, Debentures and Similar Obligations
§ 615.5100 Authority to issue.
§ 615.5101 Requirements for issuance.
§ 615.5102 Issuance of debt obligations through the Funding Corporation.
§ 615.5105 Consolidated Systemwide notes.
§§ 615.5103-615.5104 [Reserved]
Subpart D — Other Funding
§ 615.5110 Authority to issue (other funding).
§ 615.5120 Purchase eligibility requirement.
§ 615.5130 Procedures.
Subpart E — Investment Management
§ 615.5131 Definitions.
§ 615.5132 Investment purposes.
§ 615.5133 Investment management.
§ 615.5134 Liquidity reserve.
§ 615.5135 Management of interest rate risk.
§ 615.5136 Emergencies impeding normal access of Farm Credit banks to capital markets.
§ 615.5140 Eligible investments.
§ 615.5141 Stress tests for mortgage securities.
§ 615.5142 Association investments.
§ 615.5143 Management of ineligible investments and reservation of authority to require divestiture.
§ 615.5144 Banks for cooperatives and agricultural credit banks.
Subpart F — Property, Transfers of Capital, and Other Investments
§ 615.5170 Real and personal property.
§ 615.5171 Transfer of capital from banks to associations.
§ 615.5172 Production credit association and agricultural credit association investment in farmers' notes given to cooperatives and dealers.
§ 615.5173 Stock of the Federal Agricultural Mortgage Corporation.
§ 615.5174 Farmer Mac securities.
§ 615.5175 Investments in Farm Credit System institution preferred stock.
Subpart G — Risk Assessment and Management
§ 615.5180 Bank interest rate risk management program.
§ 615.5181 Bank interest rate risk management program.
§ 615.5182 Interest rate risk management by associations and other Farm Credit System institutions other than banks.
Subpart H — Capital Adequacy
§ 615.5200 Capital planning.
§ 615.5201 Definitions.
§ 615.5205 Minimum permanent capital standards.
§ 615.5206 Permanent capital ratio computation.
§ 615.5207 Capital adjustments and associated reductions to assets.
§ 615.5208 Allotment of allocated investments.
§ 615.5209 Deferred-tax assets.
§ 615.5210 Risk-adjusted assets.
§ 615.5211 Risk categories — balance sheet assets.
§ 615.5212 Credit conversion factors — off-balance sheet items.
§ 615.5215 Distribution of earnings.
§ 615.5216 [Reserved]
§§ 615.5209-615.5212 [Reserved]
Subpart I — Issuance of Equities
§ 615.5220 Capitalization bylaws.
§ 615.5230 Implementation of cooperative principles.
§ 615.5240 Regulatory capital requirements.
§ 615.5245 Limitations on association preferred stock.
§ 615.5250 Disclosure requirements for sales of borrower stock.
§ 615.5255 Disclosure and review requirements for sales of other equities.
Subpart J — Retirement of Equities and Payment of Dividends
§ 615.5260 Retirement of eligible borrower stock.
§ 615.5270 Retirement of other equities.
§ 615.5280 Retirement in event of default.
§ 615.5290 Retirement of capital stock and participation certificates in event of restructuring.
§ 615.5295 Payment of dividends.
Subpart K [Reserved]
§ 615.5301 Definitions.
§ 615.5330 Minimum surplus ratios.
§ 615.5335 Bank net collateral ratio.
§ 615.5336 Compliance and reporting.
Subpart L — Establishment of Minimum Capital Ratios for an Individual Institution
§ 615.5350 General — Applicability.
§ 615.5351 Standards for determination of appropriate individual institution minimum capital ratios.
§ 615.5352 Procedures.
§ 615.5353 Relation to other actions.
§ 615.5354 Enforcement.
Subpart M — Issuance of a Capital Directive
§ 615.5355 Purpose and scope.
§ 615.5356 Notice of intent to issue a capital directive.
§ 615.5357 Response to notice.
§ 615.5358 Decision.
§ 615.5359 Issuance of a capital directive.
§ 615.5360 Reconsideration based on change in circumstances.
§ 615.5361 Relation to other administrative actions.
Subpart N [Reserved]
Subpart O — Book-Entry Procedures for Farm Credit Securities
§ 615.5450 Definitions.
§ 615.5451 Book-entry and definitive securities.
§ 615.5452 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.
§ 615.5453 Law governing other interests.
§ 615.5454 Creation of participant's security entitlement; security interests.
§ 615.5455 Obligations of the Farm Credit banks and the Funding Corporation; no adverse claims.
§ 615.5456 Authority of Federal Reserve Banks.
§ 615.5457 Withdrawal of eligible book-entry securities for conversion to definitive form.
§ 615.5458 Waiver of regulations.
§ 615.5459 Liability of Farm Credit banks, Funding Corporation and Federal Reserve Banks.
§ 615.5460 Additional provisions.
§ 615.5461 Lost, stolen, destroyed, mutilated or defaced Farm Credit securities, including coupons.
§ 615.5462 Restrictive endorsement of bearer securities.
Subpart P — Global Debt Securities
§ 615.5500 Definitions.
§ 615.5502 Issuance of global debt securities.
Subpart Q — Bankers' Acceptances
§ 615.5550 Bankers' acceptances.
Subpart R [Reserved]
Subpart S — Federal Agricultural Mortgage Corporation Securities
§ 615.5570 Book-entry procedures for Federal Agricultural Mortgage Corporation Securities.

Authority

Secs. 1.5, 1.7, 1.10, 1.11, 1.12, 2.2, 2.3, 2.4, 2.5, 2.12, 3.1, 3.7, 3.11, 3.25, 4.3, 4.3A, 4.9, 4.14B, 4.25, 5.9, 5.17, 6.20, 6.26, 8.0, 8.3, 8.4, 8.6, 8.8, 8.10, 8.12 of the Farm Credit Act (12 U.S.C. 2013, 2015, 2018, 2019, 2020, 2073, 2074, 2075, 2076, 2093, 2122, 2128, 2132, 2146, 2154, 2154a, 2160, 2202b, 2211, 2243, 2252, 2278b, 2278b–6, 2279aa, 2279aa–3, 2279aa–4, 2279aa–6, 2279aa–8, 2279aa–10, 2279aa–12); sec. 301(a) of Pub. L. 100–233, 101 Stat. 1568, 1608.