The purpose of this subpart is to ensure safety and soundness, continuity of funding, and appropriate use of non-program investments considering the Federal Agricultural Mortgage Corporation's (Farmer Mac or Corporation) special status as a Government-sponsored enterprise (GSE). The subpart contains requirements for Farmer Mac's board of directors to adopt policies covering such areas as investment management, interest rate risk, and liquidity reserves. The subpart also requires Farmer Mac to comply with various reporting requirements.
authority: Secs. 4.12, 5.9, 5.17, 8.11, 8.31, 8.32, 8.33, 8.34, 8.35, 8.36, 8.37, 8.41 of the Farm Credit Act (
12 U.S.C. 2183,
2243,
2252,
2279aa,
2279bb,
2279bb-1,
2279bb-2,
2279bb-3,
2279bb-4,
2279bb-5,
2279bb-6,
2279cc; sec. 514 of Pub. L. 102-552, 106 Stat. 4102; sec. 118 of Pub. L. 104-105, 110 Stat. 168; sec. 939A of Pub. L. 111-203, 124 Stat. 1326, 1887 (
15 U.S.C. 78o-7 note) (July 21, 2010)
source: 70 FR 40644, July 14, 2005, unless otherwise noted.
cite as: 12 CFR 652.1