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This ANPRM would consider whether to modernize Farmer Mac’s capital-related requirements to ensure Farmer Mac’s capital is of sufficient quality and quantity for safe and sound operations and also ensure the transparency of its capital structure to FCA and to the public. The ANPRM would, among other things, invite comment on whether and how to incorporate certain standards of the Basel III capital framework and similar approaches adopted by the Federal Bank Regulatory Agencies, as suitable for a secondary market GSE with a rural-focused mission.