Page:United States Statutes at Large Volume 106 Part 5.djvu/469

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PUBLIC LAW 102-552—OCT. 28, 1992 106 STAT. 4107 ^. (A) the possibility of the Insurance Fund being depleted more rapidly than it could be replenished under the current premium structure; (B) the effects of the depletion under alternate economic scenarios and the probability of the occurrence of each of those scenarios; (C) the effects on capital accumulation and interest rates of levering a supplemental premium; and (D) limitations on any authority to levy supplemental premiums and the underlying basis for the umitations; and (3) the authority to establish an insurance premium rate structure that would take into account, on an institution-by - institution basis, asset quality risk, interest rate risk, earnings, and capital. (b) REPORT ON CONSOLIDATION. — (1) IN GENERAL. —The Comptroller General of the United States shall evaluate and report to the Committee on Agriculture of the House of Representatives and the Committee on Agriculture, Nutrition, and Forestry of the Senate on whether there are likely to be benefits to farmer and rancher borrowers of the Farm Credit System institutions of merging the 10 district Farm Credit Banks (and the Federal Intermediate Credit Bank of Jackson) into fewer regional Farm Credit Banks. (2) FACTORS.— In preparing the report, the Comptroller General shall consider— (A) the potential reduction in services to farmers and ranchers; (B) the potential benefits of jointly providing services to farmers and ranchers among these proposed regional districts; (C) any economy of scale effects on a districtby-district basis; (D) the potential impact on the cooperative nature of the Farm Cfredit Svstem; (E) the potential impact on bank and association relationships; and (F) the potential impact on System-wide bond issuances. (c) POTENTIAL SAVINGS.— The Comptroller General of the United States shall evaluate and report to the appropriate committees of Congress on the potential savings to the Farm Credit System and its shareholders that might occur if System institutions and the Farm Credit Administration were required to comply with General Services Administration standards for office space, furniture, and equipment. (d) DEADLINE.—The reports required under this section shall be provided to Congress not later than 12 months after the date of enactment of this Act. TITLE III—REPAYMENT OF FARM CREDIT SYSTEM DEBT OBLIGATIONS SEC. 301. CAPITAL PRESERVATION. Section 6.9(e)(3) (12 U.S.C. 2278a-9(e)(3)) is amended—