Voglio sapere a riguardo di…

Federal Register / Vol. 86, No. 188 / Friday, October 1, 2021 / Rules and Regulations Amendment Number 2, on December 15, 2021.
Amendment Number 3 Effective Date:
November 5, 2019, superseded by Renewed Amendment Number 3, on December 15, 2021.
SAR Submitted by: Holtec International.
SAR Title: Final Safety Analysis Report for the HISTAR 100 Cask System.
Docket Number: 721008.
Certificate Expiration Date: October 4, 2019.
Renewed Certificate Expiration Date:
October 4, 2059.
Model Number: HISTAR 100 MPC
24, MPC32, MPC68, MPC68F.

Dated: September 15, 2021.
For the Nuclear Regulatory Commission.
Margaret M. Doane, Executive Director for Operations.
BILLING CODE 759001P

FARM CREDIT ADMINISTRATION
12 CFR Parts 614, 615, 620, and 628
RIN 3052AD27

Regulatory Capital Rules: Tier 1/Tier 2
Framework Farm Credit Administration.
Final rule.

AGENCY:

The Farm Credit Administration FCA or we is adopting a final rule that amends the regulatory capital requirements for Farm Credit System System or FCS institutions.
These amendments clarify certain provisions in the Tier 1/Tier 2 Capital Framework final rule that became effective in 2017 2017 Capital Rule and codify the guidance provided in FCA BookletterBL068Tier 1/Tier 2
Capital Framework Guidance. This final rule also includes revisions to the regulatory capital rules to reduce administrative burden for System institutions and the FCA. Lastly, to maintain comparability in our regulatory capital requirements, we are amending certain definitions pertaining to qualified financial contracts in conformity with changes adopted by the Federal banking regulatory agencies.
DATES: The regulation shall become effective January 1, 2022, or 30 days after publication in the Federal Register during which either or both houses of Congress are in session, whichever is later. Pursuant to 12 U.S.C. 2252c1, FCA will publish notification of the effective date in the Federal Register.
SUMMARY:

VerDate Sep<11>2014

16:40 Sep 30, 2021

Jkt 256001

Technical information: Jeremy R.
Edelstein, EdelsteinJ@fca.gov, Associate Director or Clayton D. Milburn, MilburnC@fca.gov, Senior Financial Analyst, Finance and Capital Markets Team, Office of Regulatory Policy, Farm Credit Administration, McLean, VA
221025090, 703 8834414, TTY 703
8834056 or ORPMailbox@fca.gov;
or Legal information: Rebecca S. Orlich, Orlichr@fca.gov, Senior Counsel, or Jennifer A. Cohn, Cohnj@fca.gov, Senior Counsel, Office of General Counsel, Farm Credit Administration, McLean, VA 221025090, 703 8834020, TTY
703 8834056.
SUPPLEMENTARY INFORMATION:
Table of Contents
FR Doc. 202121427 Filed 93021; 8:45 am
ACTION:

FOR FURTHER INFORMATION CONTACT:

I. Introduction A. Objectives of the Final Rule B. Background C. Summary of the Proposed Rule D. General Summary of Comments Received II. Substantive Revisions to the Capital Rule A. Safe Harbor Deemed Prior Approval B. Capital Bylaw or Board Resolution To Include Equities in Tier 1 and Tier 2
Capital C. Common Cooperative Equity Issuance Date D. Farm Credit Leasing Services Corporation E. Lending and Leasing Limit Base Calculation F. Qualified Financial Contract QFC
Related Definitions G. Common Equity Tier 1 Capital Eligibility Requirements III. Clarifying and Other Revisions to the Capital Rule A. Capitalization Bylaw Adjustment B. Annual Report to Shareholders Corrections C. Appropriate Risk-Weighting of Cash and Gold Bullion D. Securitization Formulas E. Unallocated Retained Earnings and Equivalents Deductions and Adjustments F. Service Corporation Deductions and Adjustments G. Adjustments for Accruing Patronage and Dividends H. Bank Disclosures I. Retirement of Statutory Borrower Stock IV. Abbreviations V. Regulatory Analysis A. Regulatory Flexibility Act B. Congressional Review Act
I. Introduction A. Objectives of the Final Rule FCAs objectives in adopting this rule are to:
Provide technical corrections, amendments and clarification to certain provisions in the Tier 1/Tier 2 Capital Framework; and
PO 00000

Frm 00009

Fmt 4700

Sfmt 4700

54347

Ensure the Systems capital requirements maintain comparability with the standardized approach that the Federal banking regulatory agencies 1
have adopted U.S. Rule while accommodating the cooperative structure and the organization of the System.
B. Background In 1916, Congress created the System to provide permanent, stable, affordable, and reliable sources of credit and related services to American agricultural and aquatic producers.2 As of June 30, 2021, the System consists of 3 Farm Credit Banks, 1 agricultural credit bank, 66 agricultural credit associations, 1
Federal land credit association, service corporations, and the Federal Farm Credit Banks Funding Corporation Funding Corporation. Farm Credit banks including both the Farm Credit Banks and the agricultural credit bank issue System-wide consolidated debt obligations in the capital markets through the Funding Corporation,3
which enable the System to extend short-, intermediate-, and long-term credit and related services to farmers, ranchers, aquatic producers and harvesters, their cooperatives, rural utilities, exporters of agricultural commodities products, farm-related businesses, and certain rural homeowners.4 The Systems enabling statute is the Farm Credit Act of 1971, as amended Act.5
FCAs Tier 1/Tier 2 Capital Framework, the 2017 Capital Rule, was published in the Federal Register in 1 The Federal banking regulatory agencies are the Office of the Comptroller of the Currency OCC, the Federal Deposit Insurance Corporation FDIC, and the Board of Governors of the Federal Reserve FRB. See 12 CFR 3.20b1i OCC, 12 CFR
324.20b1i FDIC; 12 CFR 217.20b1i FRB.
2 The Federal Agricultural Mortgage Corporation Farmer Mac, which is also a System institution, has authority to operate secondary markets for agricultural real estate mortgage loans, rural housing mortgage loans, and rural utility cooperative loans. The FCA has a separate set of capital regulations that apply to Farmer Mac. This rulemaking does not affect Farmer Mac, and the use of the term System institution in this preamble and rule does not include Farmer Mac.
3 The Funding Corporation was established pursuant to section 4.9 of the Farm Credit Act of 1971, as amended, and is owned by all Farm Credit banks.
4 The agricultural credit bank lends to and provides other financial services to farmer-owned cooperatives, rural utilities electric and telecommunications, and rural water and wastewater disposal systems. It also finances U.S.
agricultural exports and imports and provides international banking services to cooperatives and other eligible borrowers. The agricultural credit bank operates a Farm Credit Bank subsidiary.
5 12 U.S.C. 20012279cc. The Act is available at www.fca.gov under Laws and regulations and Statutes.

E:FRFM01OCR1.SGM

01OCR1