12 C.F.R. § 652.25 Non-program investment purposes and limitation.
Title 12 - Banks and Banking
(a) Farmer Mac is authorized to hold eligible non-program investments listed under §652.35 for the purposes of complying with the interest rate risk requirements of §652.15, complying with the liquidity reserve requirements of §652.20, and managing surplus short-term funds. (b) Non-program investments cannot exceed the greater of $1.5 billion or thirty-five (35) percent of program assets and program obligations, excluding 75 percent of the program assets that are guaranteed by the United States Department of Agriculture as described in section 8.0(9)(B) of the Farm Credit Act of 1971, as amended.
Title 12: Banks and Banking
PART 652—FEDERAL AGRICULTURAL MORTGAGE CORPORATION FUNDING AND FISCAL AFFAIRS
Subpart A—Investment Management
§ 652.25 Non-program investment purposes and limitation.
