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FCA RIN: 3052-AD36 Publication ID: Spring 2022 
Title: Implementation of the Current Expected Credit Losses Methodology for Allowances and Related Adjustments to the Regulatory Capital Rule and Conforming Amendments 

This rulemaking addresses changes to U.S. generally accepted accounting principles (U.S. GAAP) described in Accounting Standards Update No. 201613, Topic 326, Financial Instruments Credit Losses (ASU 201613), including System institutions’ implementation of the current expected credit losses methodology. Specifically, the rule revises the Agency’s regulatory capital rules to identify which credit loss allowances under the new accounting standard are eligible for inclusion in regulatory capital. The rulemaking  also makes conforming amendments to other regulations that reference credit loss allowances.

Agency: Farm Credit Administration(FCA)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 628   
Legal Authority: 12 U.S.C 2154    12 U.S.C. 2154a    12 U.S.C. 2252   
Legal Deadline:  None
Action Date FR Cite
NPRM  09/23/2019  84 FR 49684   
NPRM Comment Period End  11/22/2019 
Final Rule  06/00/2022 
Final Rule Effective  10/00/2022 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Ryan Leist
Accountant, Office of Regulatory Policy
Farm Credit Administration
1501 Farm Credit Drive,
McLean, VA 22102-5090
Phone:703 883-4224
Fax:703 734-5784