Farmer Mac's Regulator Approves Revised Final Rule on Regulatory Capital Standards

Farmer Mac's Regulator Approves Revised Final Rule on Regulatory
Capital Standards 


WASHINGTON, May 12  /PRNewswire-FirstCall/ -- The Federal Agricultural Mortgage
Corporation (Farmer Mac)(NYSE: AGM; AGM.A) reported that its federal regulator,
the Farm Credit Administration ("FCA"), at an open meeting today of its Board,
approved a final rule that relates to regulatory capital standards on certain
assets held by Farm Credit System (FCS) institutions other than Farmer Mac. 
Among other revisions, the Board removed from the final rule a provision in the
August 6, 2004 proposed regulation that would have required FCS institutions to
risk-weight assets on their books that are guaranteed by a government
sponsored-enterprise (GSE), including Farmer Mac, based on the issuer credit
rating of the GSE as determined by a nationally recognized statistical rating
organization.

Farmer Mac is a stockholder-owned instrumentality of the United States
chartered by Congress to establish a secondary market for agricultural real
estate and rural housing mortgage loans and to facilitate capital market
funding for USDA-guaranteed farm program and rural development loans.  Farmer
Mac's Class C non-voting and Class A voting common stocks are listed on the New
York Stock Exchange under the symbols AGM and AGM.A, respectively. Additional
information about Farmer Mac is available on Farmer Mac's website at
http://www.farmermac.com/. 

DATASOURCE: Farmer Mac



CONTACT:  Jerome Oslick of Farmer Mac, [phone]



Web site:  http://www.farmermac.com/ 

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