12 CFR 607.4 - Assessment of other System entities.

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There is 1 Update appearing in the Federal Register for 12 CFR Part 607. View below or at eCFR (GPOAccess)

(a)

(1) Unless otherwise designated to be assessed under § 607.3, and with the exception of FAMC as provided in paragraph (b) of this section, other System entities will be assessed for estimated direct expenses plus an allocated portion of FCA indirect expenses and such amount as may be required to maintain a necessary reserve. The estimate for direct expenses shall take into account the direct expenses incurred in the most recent examination of the entity preceding each September 15 and expected increases or decreases in examination work for the next fiscal year. A proportional amount of FCA indirect expenses will be allocated to each entity based on the estimated direct expenses related to the particular entity as a percentage of the total budgeted direct expenses of the agency (excluding direct expenses under paragraph (b) of this section) for the fiscal year covered by the assessment.

(2) Assessments of other System entities under paragraph (a)(1) of this section may be adjusted periodically to reflect:

(i) Changes in the FCA budget and necessary reserve; and

(ii) Any overpayment or underpayment by such other System entity in the prior fiscal year.

(b)Assessment of Federal Agricultural Mortgage Corporation. The FCA shall assess FAMC for the estimated cost of FCA's regulation, supervision, and examination of FAMC, including reasonably related administrative and overhead expenses. FAMC's assessment may be adjusted periodically to reflect changes in the FCA budget and to reconcile differences between FAMC's assessment and FCA's actual expenditures for regulation of FAMC in the prior fiscal year.

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

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United States Code

Title 12 published on 2015-12-05

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 12 CFR Part 607 after this date.

  • 2016-07-28; vol. 81 # 145 - Thursday, July 28, 2016
    1. 81 FR 49720 - Regulatory Capital Rules: Regulatory Capital, Implementation of Tier 1/Tier 2 Framework
      GPO FDSys XML | Text
      FARM CREDIT ADMINISTRATION
      Final rule.
      Effective date: January 1, 2017.
      12 CFR Parts 607, 611, 614, 615, 620, 624, 627 and 628
The section you are viewing is cited by the following CFR sections.

Title 12 published on 2015-12-05.

The following are only the Rules published in the Federal Register after the published date of Title 12.

For a complete list of all Rules, Proposed Rules, and Notices view the Rulemaking tab.

  • 2016-07-28; vol. 81 # 145 - Thursday, July 28, 2016
    1. 81 FR 49720 - Regulatory Capital Rules: Regulatory Capital, Implementation of Tier 1/Tier 2 Framework
      GPO FDSys: XML | Text
      FARM CREDIT ADMINISTRATION
      Final rule.
      Effective date: January 1, 2017.
      12 CFR Parts 607, 611, 614, 615, 620, 624, 627 and 628