Data / Federal rules / 2026-15027
Loan Performance Categories and Financial Reporting
The Farm Credit Administration published this final rule in the Federal Register on July 24, 2026.
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What the agency says
The Farm Credit Administration (FCA, we, or our) amends our regulatory high-risk loan performance categories by removing "Formally restructured loans (TDR)," also known as troubled debt restructurings. In 2022, changes in generally accepted accounting principles (GAAP) eliminated the accounting guidance for TDRs, enhanced disclosure requirements for certain loan refinancings and restructurings undertaken when a borrower is experiencing financial difficulty and changed existing vintage year disclosure requirements for public business entities. This final rule removes TDRs from our regulatory loan performance categories to reflect changes in GAAP. Because FCA regulations require Farm Credit System (System) institutions to prepare financial statements and reports in accordance with GAAP, retaining TDRs as a regulatory loan performance category is no longer consistent with current accounting standards. In addition to making conforming technical changes, the rule also makes minor technical and organizational revisions to ensure internal consistency within the regulation. In addition, FCA determined that no regulatory amendments are necessary to implement GAAP's enhanced disclosure requirements for loan modifications to borrowers experiencing financial difficulty or for amended vintage year disclosures, as existing FCA regulations already require GAAP-compliant financial reporting.
Key facts
- Document number
- 2026-15027
- Type
- Final rule
- Action
- Final rule
- Agency
- Farm Credit Administration
- Published
- July 24, 2026
- Dates
- This regulation will be effective 30 days after publication in the Federal Register during which either or both Houses of Congress are in session. We will publish a document announcing the effective date in the Federal Register.
- Regulation ID (RIN)
- 3052-AD63
- Code of Federal Regulations
- 12 CFR 621
- Topics
- Accounting; Agriculture; Banks, banking; Government securities; Investments; Reporting and recordkeeping requirements; Rural areas
- Pages
- 4
Other documents from the Farm Credit Administration
| Document | Type | Published |
|---|---|---|
| Loan Performance Categories and Financial Reporting 2026-17440 | Final rule | Aug 26 |
| Assessment and Apportionment of Administrative Expenses 2026-07903 | Proposed rule | Apr 23 |
| General Provisions 2026-06553 | Final rule | Apr 3 |
| Organization, Loan Policies and Operations, Disclosure to Shareholders, Nondiscrimination in Lending, Capital Adequacy of System Institutions, Disclosure to Investors 2026-04419 | Final rule | Mar 6 |
| Permanent Capital Revisions 2026-03923 | Proposed rule | Feb 27 |
| General Provisions 2026-03314 | Final rule | Feb 19 |
| Organization, Loan Policies and Operations, Disclosure to Shareholders, Nondiscrimination in Lending, Capital Adequacy of System Institutions, Disclosure to Investors 2026-01368 | Final rule | Jan 26 |
| Loan Performance Categories and Financial Reporting 2025-22015 | Proposed rule | Dec 5, 2025 |
Everything from the Farm Credit Administration · Rules on accounting · Rules on agriculture · Rules on banks, banking · Published in July 2026
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.