---
kind: "section"
citation: "12 C.F.R. § 652.45"
title: "12"
number: "652.45"
heading: "Temporary regulatory waivers or modifications for extraordinary situations."
url: "https://uscodex.org/cfr/12/652.45"
---

# §652.45. Temporary regulatory waivers or modifications for extraordinary situations.


Whenever the FCA determines that an extraordinary situation exists that necessitates a temporary regulatory waiver or modification, the FCA may, in its sole discretion:

- (a) Modify or waive the minimum liquidity reserve requirement in [§ 652.40](/cfr/12/652.40.md) of this subpart;
- (b) Modify the amount, qualities, and types of eligible investments that you are authorized to hold pursuant to [§ 652.20](/cfr/12/652.20.md) of this subpart; and/or
- (c) **Take other actions as deemed appropriate.**

## Notes

### Source

Source: 77 FR 66382, Nov. 5, 2012, unless otherwise noted.

### Authority

Authority: Secs. 4.12, 5.9, 5.17, 8.11, 8.31, 8.32, 8.33, 8.34, 8.35, 8.36, 8.37, 8.41 of the Farm Credit Act (12 U.S.C. 2183, 2243, 2252, 2279aa-11, 2279bb, 2279bb-1, 2279bb-2, 2279bb-3, 2279bb-4, 2279bb-5, 2279bb-6, 2279cc); sec. 514 of Pub. L. 102-552, 106 Stat. 4102; sec. 118 of Pub. L. 104-105, 110 Stat. 168; sec. 939A of Pub. L. 111-203, 124 Stat. 1326, 1887 (15 U.S.C. 78o-7 note) (July 21, 2010).

### Source

Source: 70 FR 40644, July 14, 2005, unless otherwise noted.