Public Comment AC96 Risk-Based Capital Guidelines, Farm Credit System Banks, Jersey City, NJ

f O Exchange Plaee. Suite 1401 Federal Farm Credit Banks Jersey Ci,Nsw Jersey 07302 201)200.8000 http:l/ww.farmcredit-ffcb.wmFunding Corporation Via Federal Express and E-Mail March 22,2007 Office of the Comptroller of the Currency regs.cornrnents@occ.treas.gov Docket Number 06-15 250 E Street, SW. Mail Stop 1-5 Washington, DC 20219 Board of Governors of the Federal Reserve System regs.cornrnents@FederaIreserve.gov Docket No. R-1238 20* Street and ConstitutionAvenue, NW. Washington, DC 20551 Federal Deposit Insurance Corporation wmments@FDIC.gov Regulatory Information Number 3064-AC96 Robert E. Feidman, Executive Secretary Attention: CommentslLegaI 550 17'h Street, MW. Washington, DC 20429 Office of Thriff Supenrision regs.cornmenis@ots.treas.gov No. 2006-49 Regulation Comments Attention: No.2006-49 Chief Counsel's Office 1700 G Street, NW. Washington, DC 20552 Dear Sirs: The Federal Farm Credit Banks Funding Corporation (Funding Corporation), on behatf of the Farm Credit System Banks, appreciates this opportunity to comment on the proposed rule concerning risk-based capital guidelines published in the December 26,2006 Federal Register. This comment letter was developed based upon input from the Farm Credit System Banks. In the Basel IA NPR, the banking agencies propose continuing to assign the debt securities of government-sponsored enterprises (GSEs)and banks located in the Organization for Economic Co-operation and Development ...