WASHINGTON, Feb. 27 -- Farm Credit Administration has issued a proposed rule called: Permanent Capital Revisions.
The proposed rule was published in the Federal Register on Feb. 27 by Ashley Waldron, Secretary to the Board, Farm Credit Administration.
Summary: The Farm Credit Administration (FCA or we) requests comments on a proposed rule for Farm Credit System (System) banks and associations that would reduce the burden of calculating permanent capital and minimize potential confusion about its use in evaluating the safety and soundness of System institutions. Specifically, the proposed rule would remove references to permanent capital in shareholder and investor reporting regulations as well as in certain other regulations. It would als...