Risk Weighting of High Volatility Commercial Real Estate (HVCRE) Exposures, 58042 [2021-22826]

Download as PDF 58042 Proposed Rules Federal Register Vol. 86, No. 200 Wednesday, October 20, 2021 This section of the FEDERAL REGISTER contains notices to the public of the proposed issuance of rules and regulations. The purpose of these notices is to give interested persons an opportunity to participate in the rule making prior to the adoption of the final rules. FARM CREDIT ADMINISTRATION 12 CFR Part 628 RIN 3052–AD42 Risk Weighting of High Volatility Commercial Real Estate (HVCRE) Exposures Farm Credit Administration. Proposed rule; extension of comment period. AGENCY: ACTION: The Farm Credit Administration (FCA or we) is extending the comment period on its proposed rule that would revise the regulatory capital requirements for Farm Credit System (FCS or System) institutions to define and establish a risk-weight for high volatility commercial real estate (HVCRE) exposures. FCA is extending the comment period for an additional 61 days, until January 24, 2022, so interested parties will have additional time to provide comments on the proposed rule. DATES: The comment period for the proposed rule published on August 26, 2021 (86 FR 47601) is extended from November 24, 2021, to January 24, 2022. ADDRESSES: For accuracy and efficiency reasons, please submit comments by email or through FCA’s 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 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: https://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 lotter on DSK11XQN23PROD with PROPOSALS1 SUMMARY: VerDate Sep<11>2014 17:17 Oct 19, 2021 Jkt 256001 Administration, 1501 Farm Credit Drive, McLean, VA 22102–5090. You may review copies of comments we receive on our website at https:// 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) 883–4056 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 22102–5090, (703) 883– 4414, TTY (703) 883–4056, or ORPMailbox@fca.gov; or Legal information: Jennifer A. Cohn, CohnJ@ fca.gov, Assistant General Counsel, Office of General Counsel, Farm Credit Administration, McLean, VA 22102– 5090, (720) 213–0440, TTY (703) 883– 4056. On August 26, 2021, FCA published a proposed rule in the Federal Register that would update FCA’s regulatory capital requirements to reflect the increased risks that exposures to certain acquisition, development or construction loans pose to System institutions. The proposed rule would also ensure that the System’s capital requirements are comparable to the Basel III framework and the standardized approach the Federal banking regulatory agencies have adopted, with deviations as appropriate to accommodate the different operational and credit considerations of the System. SUPPLEMENTARY INFORMATION: PO 00000 Frm 00001 Fmt 4702 Sfmt 4702 The comment period is currently scheduled to close on November 24, 2021. See 86 FR 47601. FCA is extending the comment period for an additional 61 days, until January 24, 2022, so interested parties will have additional time to provide comments on the proposed rule in consideration of other rulemakings that are also open for public comment. Dated: October 15, 2021. Dale Aultman, Secretary, Farm Credit Administration Board. [FR Doc. 2021–22826 Filed 10–19–21; 8:45 am] BILLING CODE 6705–01–P DEPARTMENT OF HEALTH AND HUMAN SERVICES 45 CFR Part 1 RIN 0991–AC29 [HHS–OS–2020–0008; HHS–OS–2021–0001] Department of Health and Human Services Proposed Repeal of HHS Rules on Guidance, Enforcement, and Adjudication Procedures Office of the Secretary, Department of Health and Human Services. ACTION: Notice of proposed rulemaking. AGENCY: The Department of Health and Human Services (HHS or the Department) is proposing to repeal two final rules: ‘‘Department of Health and Human Services Good Guidance Practices,’’ published in the Federal Register of December 7, 2020; and ‘‘Department of Health and Human Services Transparency and Fairness in Civil Administrative Enforcement Actions,’’ published in the Federal Register of January 14, 2021. DATES: To be assured consideration, comments must be received at the address provided below, no later than 11:59 p.m. November 19, 2021. ADDRESSES: You may submit comments through the Federal eRulemaking Portal: https://www.regulations.gov. Follow the ‘‘Submit a comment’’ instructions. Warning: Do not include any personally identifiable information (such as name, address, or other contact information) or confidential business information that you do not want publicly disclosed. All comments may be posted on the internet and can be retrieved by most internet SUMMARY: E:\FR\FM\20OCP1.SGM 20OCP1

Agencies

[Federal Register Volume 86, Number 200 (Wednesday, October 20, 2021)]
[Proposed Rules]
[Page 58042]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-22826]


========================================================================
Proposed Rules
                                                Federal Register
________________________________________________________________________

This section of the FEDERAL REGISTER contains notices to the public of 
the proposed issuance of rules and regulations. The purpose of these 
notices is to give interested persons an opportunity to participate in 
the rule making prior to the adoption of the final rules.

========================================================================


Federal Register / Vol. 86, No. 200 / Wednesday, October 20, 2021 / 
Proposed Rules

[[Page 58042]]



FARM CREDIT ADMINISTRATION

12 CFR Part 628

RIN 3052-AD42


Risk Weighting of High Volatility Commercial Real Estate (HVCRE) 
Exposures

AGENCY: Farm Credit Administration.

ACTION: Proposed rule; extension of comment period.

-----------------------------------------------------------------------

SUMMARY: The Farm Credit Administration (FCA or we) is extending the 
comment period on its proposed rule that would revise the regulatory 
capital requirements for Farm Credit System (FCS or System) 
institutions to define and establish a risk-weight for high volatility 
commercial real estate (HVCRE) exposures. FCA is extending the comment 
period for an additional 61 days, until January 24, 2022, so interested 
parties will have additional time to provide comments on the proposed 
rule.

DATES: The comment period for the proposed rule published on August 26, 
2021 (86 FR 47601) is extended from November 24, 2021, to January 24, 
2022.

ADDRESSES: For accuracy and efficiency reasons, please submit comments 
by email or through FCA's 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 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 [email protected].
     FCA website: https://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 
22102-5090.
    You may review copies of comments we receive on our website at 
https://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) 883-4056 or email us at [email protected] to make an appointment.

FOR FURTHER INFORMATION CONTACT: 
    Technical information: Ryan Leist, [email protected], Senior 
Accountant, or Jeremy R. Edelstein, [email protected], Associate 
Director, Finance and Capital Markets Team, Office of Regulatory 
Policy, Farm Credit Administration, McLean, VA 22102-5090, (703) 883-
4414, TTY (703) 883-4056, or [email protected]; or Legal information: 
Jennifer A. Cohn, [email protected], Assistant General Counsel, Office of 
General Counsel, Farm Credit Administration, McLean, VA 22102-5090, 
(720) 213-0440, TTY (703) 883-4056.

SUPPLEMENTARY INFORMATION: On August 26, 2021, FCA published a proposed 
rule in the Federal Register that would update FCA's regulatory capital 
requirements to reflect the increased risks that exposures to certain 
acquisition, development or construction loans pose to System 
institutions. The proposed rule would also ensure that the System's 
capital requirements are comparable to the Basel III framework and the 
standardized approach the Federal banking regulatory agencies have 
adopted, with deviations as appropriate to accommodate the different 
operational and credit considerations of the System.
    The comment period is currently scheduled to close on November 24, 
2021. See 86 FR 47601. FCA is extending the comment period for an 
additional 61 days, until January 24, 2022, so interested parties will 
have additional time to provide comments on the proposed rule in 
consideration of other rulemakings that are also open for public 
comment.

    Dated: October 15, 2021.
Dale Aultman,
Secretary, Farm Credit Administration Board.
[FR Doc. 2021-22826 Filed 10-19-21; 8:45 am]
BILLING CODE 6705-01-P
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