12 C.F.R. PART 615--FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND FUNDING OPERATIONS
TITLE 12--Banks and Banking
CHAPTER VI--FARM CREDIT ADMINISTRATION
SUBCHAPTER B--FARM CREDIT SYSTEM
PART 615--FUNDING AND FISCAL AFFAIRS, LOAN POLICIES AND OPERATIONS, AND FUNDING OPERATIONS
Subpart A--FUNDING
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| General responsibilities.
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| Borrowings from commercial banks.
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| Borrowings from financial institutions other than commercial banks.
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Subpart B--COLLATERAL
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| Special collateral requirement.
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| Reduction in carrying value of collateral.
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Subpart C--ISSUANCE OF BONDS, NOTES, DEBENTURES AND SIMILAR OBLIGATIONS
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| Requirements for issuance.
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| Issuance of debt obligations through the Funding Corporation.
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| Consolidated Systemwide notes.
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Subpart D--OTHER FUNDING
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| Authority to issue (other funding).
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| Purchase eligibility requirement.
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Subpart E--INVESTMENT MANAGEMENT
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| Liquidity reserve requirement.
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| Management of interest rate risk.
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| Emergencies impeding normal access of Farm Credit banks to capital markets.
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| Stress tests for mortgage securities.
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| Disposal of ineligible investments.
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| Banks for cooperatives and agricultural credit banks.
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Subpart F--PROPERTY, TRANSFERS OF CAPITAL, AND OTHER INVESTMENTS
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| Real and personal property.
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| Transfer of capital from banks to associations.
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| Production credit association and agricultural credit association investment in farmers' notes given to cooperatives and dealers.
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| Stock of the Federal Agricultural Mortgage Corporation.
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| Investments in Farm Credit System institution preferred stock.
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Subpart G--RISK ASSESSMENT AND MANAGEMENT
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| Interest rate risk management by banks--general.
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| Bank interest rate risk management program.
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| Interest rate risk management by associations and other Farm Credit System institutions other than banks.
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Subpart H--CAPITAL ADEQUACY
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| Minimum permanent capital standards.
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| Permanent capital ratio computation.
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| Capital adjustments and associated reductions to assets.
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| Allotment of allocated investments.
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| Risk categories--balance sheet assets.
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| Credit conversion factors--off-balance sheet items.
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| Distribution of earnings.
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Subpart I--ISSUANCE OF EQUITIES
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| Implementation of cooperative principles.
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| Permanent capital requirements.
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| Limitations on association preferred stock.
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| Disclosure requirements for borrower stock.
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| Disclosure and review requirements for other equities.
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Subpart J--RETIREMENT OF EQUITIES AND PAYMENT OF DIVIDENDS
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| Retirement of eligible borrower stock.
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| Retirement of other equities.
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| Retirement in event of default.
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| Retirement of capital stock and participation certificates in event of restructuring.
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Subpart K--SURPLUS AND COLLATERAL REQUIREMENTS
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| Bank net collateral ratio.
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| Compliance and reporting.
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Subpart L--ESTABLISHMENT OF MINIMUM CAPITAL RATIOS FOR AN INDIVIDUAL INSTITUTION
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| Standards for determination of appropriate individual institution minimum capital ratios.
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| Relation to other actions.
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Subpart M--ISSUANCE OF A CAPITAL DIRECTIVE
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| Notice of intent to issue a capital directive.
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| Issuance of a capital directive.
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| Reconsideration based on change in circumstances.
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| Relation to other administrative actions.
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Subpart N--[RESERVED]
Subpart O--BOOK-ENTRY PROCEDURES FOR FARM CREDIT SECURITIES
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| Book-entry and definitive securities.
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| 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.
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| Law governing other interests.
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| Creation of participant's security entitlement; security interests.
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| Obligations of the Farm Credit banks and the Funding Corporation; no adverse claims.
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| Authority of Federal Reserve Banks.
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| Withdrawal of eligible book-entry securities for conversion to definitive form.
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| Liability of Farm Credit banks, Funding Corporation and Federal Reserve Banks.
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| Lost, stolen, destroyed, mutilated or defaced Farm Credit securities, including coupons.
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| Restrictive endorsement of bearer securities.
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Subpart P--GLOBAL DEBT SECURITIES
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| Issuance of global debt securities.
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Subpart Q--BANKERS ACCEPTANCES
Subpart R--FARM CREDIT SYSTEM FINANCIAL ASSISTANCE CORPORATION SECURITIES
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| Book-entry Procedure for Farm Credit System Financial Assistance Corporation Securities.
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Subpart S--FEDERAL AGRICULTURAL MORTGAGE CORPORATION SECURITIES
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| Book-entry procedures for Federal Agricultural Mortgage Corporation Securities.
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