Quiero saber acerca de...

Federal Register / Vol. 86, No. 123 / Wednesday, June 30, 2021 / Proposed Rules clarify that the requirement that each debit card transaction must be able to be processed on at least two unaffiliated payment card networks applies to cardnot-present transactions, clarify the requirements that Regulation II imposes on debit card issuers to ensure that at least two unaffiliated payment card networks have been enabled for debit card transactions, and standardize and clarify the use of certain terminology.1
The proposal provided for a comment period ending on July 12, 2021. Since the publication of the proposal, the Board has received comments requesting a 30-day extension of the comment period. An extension of the comment period will provide additional opportunity for interested parties to analyze the proposal and prepare and submit comments. Therefore, the Board is extending the end of the comment period for the proposal from July 12, 2021 to August 11, 2021.
By order of the Board of Governors of the Federal Reserve System, acting through the Secretary of the Board under delegated authority.
Ann E. Misback, Secretary of the Board.
FR Doc. 202113533 Filed 62921; 8:45 am BILLING CODE P

FARM CREDIT ADMINISTRATION
12 CFR Part 615
RIN 3052AD44

Bank Liquidity Reserve Farm Credit Administration.
Advance notice of proposed rulemaking.

AGENCY:
ACTION:

The Farm Credit Administration FCA, we, our is contemplating revising its liquidity regulations so Farm Credit System FCS
or System banks can better withstand crises that adversely impact liquidity and pose a risk to their viability. FCA
is considering whether to amend our existing liquidity regulatory framework.
We are seeking comments from the public on how to amend or restructure our liquidity regulations.
DATES: Please send us your comments on or before September 28, 2021.
ADDRESSES: For accuracy and efficiency reasons, please submit comments by email or through FCAs website. We do not accept comments submitted by facsimiles fax, as faxes are difficult for us to process and achieve compliance with section 508 of the Rehabilitation
jbell on DSKJLSW7X2PROD with PROPOSALS

SUMMARY:

1 86

FR 26189 May 13, 2021.

VerDate Sep<11>2014

17:32 Jun 29, 2021

Jkt 253001

Act of 1973. Please do not submit your comment multiple times via different methods. You may submit comments by any of the following methods:
Email: Send us an email at regcomm@fca.gov.
FCA website: http www.fca.gov.
Click inside the I want to . . . field near the top of the page; select comment on a pending regulation from the dropdown menu; and click Go. This takes you to an electronic public comment form.
Mail: Kevin J. Kramp, Director, Office of Regulatory Policy, Farm Credit Administration, 1501 Farm Credit Drive, McLean, VA 221025090.
You may review copies of comments we receive on our website at http
www.fca.gov. Once you are on the website, click inside the I want to . . . field near the top of the page;
select find comments on a pending regulation from the dropdown menu;
and click Go. This will take you to the Comment Letters page where you can select the regulation for which you would like to read the public comments.
We will show your comments as submitted, including any supporting data provided, but for technical reasons we may omit items such as logos and special characters. Identifying information that you provide, such as phone numbers and addresses, will be publicly available. However, we will attempt to remove email addresses to help reduce internet spam. You may also review comments at our office in McLean, Virginia. Please call us at 703
8834056 or email us at reg-comm@
fca.gov to make an appointment.
FOR FURTHER INFORMATION CONTACT:
Technical information: Ryan Leist, LeistR@fca.gov, Senior Accountant, or Jeremy R. Edelstein, EdelsteinJ@fca.gov, Associate Director, Finance and Capital Markets Team, Office of Regulatory Policy, Farm Credit Administration, McLean, VA 221025090, 703 883
4414, TTY 703 8834056, or ORPMailbox@fca.gov;
or Legal information: Richard Katz, KatzR@fca.gov, Senior Counsel, Office of General Counsel, Farm Credit Administration, McLean, VA 22102
5090, 703 8834020, TTY 703 883
4056.
SUPPLEMENTARY INFORMATION:

Table of Contents I. Introduction A. Objectives of the Advance Notice of Proposed Rulemaking B. Background on System Liquidity II. Recent Updates to System Liquidity Regulations
PO 00000

Frm 00009

Fmt 4702

Sfmt 4702

34645

III. Potential Areas for Improvement IV. Request for Comments A. Existing FCA Liquidity Regulations B. Applicability of the Liquidity Coverage Ratio and Net Stable Funding Ratio C. Other Comments Requested
I. Introduction A. Objectives of the Advance Notice of Proposed Rulemaking FCAs purpose in this Advance Notice of Proposed Rulemaking is to gather public input to:
Ensure that each FCS bank operates under a comprehensive liquidity framework, so it consistently maintains adequate liquidity to cover all of its potential obligations, including unfunded commitments and other material contingent liabilities, under stressful conditions;
Assess if, and to what extent, the Basel III International framework for liquidity risk measurement, standards and monitoring hereafter Basel III
Liquidity Framework, issued by the Basel Committee on Banking Supervision BCBS, and regulations of the Federal banking regulatory agencies FRBAs implementing this framework for banking organizations should influence revisions to FCAs existing liquidity framework; 1
Determine if the Basel III Liquidity Framework is appropriate for FCS
banks, and evaluate the impacts of augmenting FCAs existing liquidity framework to incorporate appropriate aspects of the Basel III Liquidity Framework and the FBRAs implementation of the framework; 2 and Determine the respective costs and benefits of updating FCAs liquidity framework for FCS banks.
B. Background on System Liquidity In 1916, Congress created the System to provide permanent, stable, affordable, 1 The Federal banking regulatory agencies include the Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System hereafter Federal Reserve Board, and the Federal Deposit Insurance Corporation. See Liquidity Coverage Ratio: Liquidity Risk Measurement Standards, 79 FR 61440 October 10, 2014 and Net Stable Funding Ratio: Liquidity Risk Measurement Standards and Disclosure Requirements, 86 FR 9120 February 11, 2021.
2 Basel III was published in December 2010 and revised in June 2011. The text is available at http
www.bis.org/publ/bcbs189.htm. The BCBS was established in 1974 by central banks with bank supervisory authorities in major industrial countries. The BCBS develops banking guidelines and recommends them for adoption by member countries and others. BCBS documents are available at https www.bis.org/. The FCA does not have representation on the Basel Committee, as do the FBRAs, and is not required by law to follow the Basel standards. The Basel III Liquidity Coverage Ratio and liquidity risk monitoring tools document was published in January 2013 and the Net stable funding ratio document was published in October 2014.

E:FRFM30JNP1.SGM

30JNP1