Farmer Mac Reform Act of 1995

[AI summary unavailable — showing source text] Farmer Mac Reform Act of 1995 - Amends the Farm Credit Act of 1971 with respect to the Federal Agricultural Mortgage Corporation (Corporation) to revise the definitions of "agricultural real estate," "certified facility," and "affiliate." (Sec. 6) Includes among the Corporation's powers the authority to perform all the functions of an agricultural mortgage marketing facility, including purchase and disposition of qualified loans and issuance of guaranteed securities. (Sec. 7) Makes mandatory (existing authority is discretionary) the Federal banks' role as Corporation depositaries and fiscal agents. (Sec. 10) Repeals provisions regarding: (1) guaranteed loan reserve or subordinated participation requirements and diversified pools; and (2) certified facilities' reserves and subordinated participation interests. (Sec. 12) Encourages the inclusion of small farm loans in the agricultural mortgage secondary market. (Sec.14) Provides that State usury laws shall be superseded with regard to certain pooled agricultural loans. (Sec. 15) Extends the risk-based capital test transition period (and certain related deadlines). (Sec. 16) Revises minimum capitalization and critical capital provisio…