Search Results for keywords:"Farm Credit Administration"

Found 12 results

Search Results: keywords:"Farm Credit Administration"

💰 Only
Oldest Newest
  • 2021-00241 — Sunshine Act Meetings
    Type:Notice
    Citation:86 FR 1967
    Reading Time:about a minute or two

    The Farm Credit Administration Board is holding a regular meeting on January 14, 2021, which will be conducted virtually due to the COVID-19 pandemic. The meeting will consist of open and closed sessions, with discussions on the approval of previous meeting minutes, new business regarding a Criminal Referral Bookletter, and an auditor's report. Members of the public wishing to observe the open session can find participation instructions on the Farm Credit Administration's website.

    Simple Explanation

    The Farm Credit Administration Board is like a group that helps farmers with money matters, and they are having an online meeting where some parts are open for anyone to watch, but some parts are secret, like a treasure hunt, because they might talk about special rules.

  • 2025-00963 — Rules of Practice and Procedure; Adjusting Civil Money Penalties for Inflation
    💰
    Type:Rule
    Citation:90 FR 3617
    Reading Time:about 10 minutes

    The Farm Credit Administration has introduced a final rule adjusting civil money penalties (CMPs) for inflation, in line with the Federal Civil Penalties Inflation Adjustment Act of 1990, as updated. This adjustment ensures that penalties retain their deterrent effect and compliance is maintained with the Farm Credit Act and Flood Disaster Protection Act. The new maximum daily penalties for specific violations have been increased, such as $2,904 for violating a final order and $1,313 for breaching the Farm Credit Act, effective January 15, 2025. These changes, driven by mandatory annual updates, aim to keep CMPs in line with inflation without needing a public comment process.

    Simple Explanation

    The Farm Credit Administration has made some money fines bigger, like, if someone breaks a rule, they have to pay more money to keep the rules important. They did this because prices keep going up, just like when your favorite toy costs more now than before.

  • 2020-27191 — District Financial Reporting
    Type:Rule
    Citation:86 FR 223
    Reading Time:about a minute or two

    The Farm Credit Administration (FCA) has updated their regulations to change the way Farm Credit banks report financial information about related associations in their annual financial statements. The new rule, which took effect on December 4, 2020, lets banks choose between presenting this information in two ways: either as a footnote or attached as a supplement in their reports. This regulation aims to give shareholders better access to district financial information.

    Simple Explanation

    The Farm Credit Administration made a new rule so banks can share their financial information more clearly. Now, when banks write their money reports, they can choose to add extra information about certain groups either in small notes or as extra pages, but they didn't really explain why this is better or how it might affect the banks.

  • 2021-01796 — Rules of Practice and Procedure; Adjusting Civil Money Penalties for Inflation
    💰
    Type:Rule
    Citation:86 FR 7235
    Reading Time:about 10 minutes

    The Farm Credit Administration (FCA) has implemented a rule to adjust civil money penalties (CMPs) for inflation. This adjustment is required annually by law to maintain the penalties' effectiveness as a deterrent. The penalties are related to violations under the Farm Credit Act and the Flood Disaster Protection Act. The new penalty amounts are $2,395 for certain violations of the Farm Credit Act and $2,252 for flood insurance-related violations, effective from January 15, 2021. These changes do not require public notice or comments because they are mandatory and noncontroversial.

    Simple Explanation

    The Farm Credit Administration changed the fine amounts for breaking certain rules to keep them fair and updated with money value changes; now, if someone breaks the rules, they have to pay $2,395 or $2,252, depending on what they did wrong.

  • 2021-02354 — Sunshine Act Meeting
    Type:Notice
    Citation:86 FR 8010
    Reading Time:about a minute or two

    The Farm Credit Administration Board has announced its upcoming regular meeting, which will be held virtually due to the COVID-19 pandemic. This meeting is scheduled for February 11, 2021, starting at 9:00 a.m. Some parts of the meeting will be open to the public while others will remain closed. To observe the open session, interested individuals should follow the instructions provided on the FCA website at least 24 hours before the meeting.

    Simple Explanation

    The Farm Credit Administration Board is having a meeting online, where some parts will let people listen in and some parts will stay private. They are doing this because of COVID-19, and people need to look at their website to see how to watch before the meeting happens on February 11, 2021.

  • 2025-03469 — Sunshine Act Meetings
    Type:Notice
    Citation:90 FR 11050
    Reading Time:less than a minute

    The Farm Credit Administration will hold a meeting on March 13, 2025, at 10 a.m. People can attend in person in McLean, Virginia, or online by registering at least 24 hours beforehand on the FCA's website. Part of the meeting will be open to the public, covering topics like the approval of previous minutes and a report on Avian Flu. The private portion will include a report from the Office of Secondary Market Oversight.

    Simple Explanation

    The Farm Credit Administration is having a meeting on March 13 where some parts are like a show everyone can watch, but some parts are secret. People can go to the meeting in person or watch online, but they have to sign up at least the day before.

  • 2025-03172 — Statement on Regulatory Burden
    💰
    Type:Rule
    Citation:90 FR 11013
    Reading Time:about 31 minutes

    The Farm Credit Administration (FCA) has released a document addressing comments about reducing regulatory burdens on Farm Credit System (FCS) institutions, such as the Federal Agricultural Mortgage Corporation. It explains the FCA's response to feedback received about rules considered unnecessary or burdensome. Key points discussed include changes needed for accounting practices and reporting requirements, and some suggestions that align with ongoing regulatory projects. The FCA also mentions willingness to evaluate certain comments further and emphasizes its commitment to maintaining necessary regulations to ensure safety and soundness while reducing unnecessary burdens.

    Simple Explanation

    The Farm Credit Administration is like a coach for banks that help farmers, and they're trying to make the rules less complicated for these banks so that both the banks and farmers can focus on doing well. They're figuring out which rules are a bit too much and are asking people what they think, but their explanations are sometimes hard to understand, like a puzzle with too many pieces.

  • 2024-31629 — Sunshine Act Meetings
    Type:Notice
    Citation:90 FR 318
    Reading Time:less than a minute

    The Farm Credit Administration will hold a public meeting at 10 a.m. on Wednesday, January 8, 2025. The meeting will take place both in person at their McLean, Virginia office and online. Attendees must register at least 24 hours in advance on the FCA website. The agenda includes approving minutes from a previous meeting and receiving an update on Farm Credit System funding conditions. For further details or accessibility assistance, contact Ashley Waldron, Secretary to the Board.

    Simple Explanation

    The Farm Credit Administration is having an important meeting on January 8, 2025, at 10 a.m. People can join the meeting in person in Virginia or online, but they need to sign up on the website the day before.

  • 2024-28775 — Sunshine Act Meetings
    Type:Notice
    Citation:89 FR 96970
    Reading Time:less than a minute

    The Farm Credit Administration will hold a public meeting on Thursday, December 12, 2024, at 10 a.m. The meeting will take place in person at their office in McLean, Virginia, and can also be observed virtually. The agenda includes the approval of minutes from a previous meeting, and reports on economic conditions and examination operations. For more details or accessibility assistance, Ashley Waldron, Secretary to the Board, can be contacted.

    Simple Explanation

    The Farm Credit Administration wants to tell people that they will have a meeting where they will talk about important things like the economy on December 12, 2024, at 10 a.m. People can come in person or watch online, and if anyone needs help joining, a person named Ashley can help them.

  • 2024-31573 — Internal Control Over Financial Reporting
    Type:Proposed Rule
    Citation:90 FR 9520
    Reading Time:about 2 minutes

    The Farm Credit Administration (FCA) is inviting more public feedback on its proposal to update regulations, requiring some Farm Credit System institutions to have integrated audits. This means their audits for Internal Control Over Financial Reporting would need to align with their financial statement audits. The comment period, which initially ended in January 2025, has been extended to March 31, 2025, after requests for additional time. Interested parties can submit their feedback online or by mail, and all comments will be publicly available on the FCA website.

    Simple Explanation

    The Farm Credit Administration is asking people to share their thoughts about a new rule that could make certain financial checks happen together. They want to hear ideas until the end of March 2025, because people needed more time to think and share their thoughts.

123 Next