; and (2) by striking an amount equal to 50 percent of the bank’s capital and inserting 15 percent of the total assets of the bank . 5502. Support for rural water and waste systems Section 3.7(f) of the Farm Credit Act of 1971 ( 12 U.S.C. 2128(f) ) is amended by inserting , or in the case of such loans, commitments, and assistance that are guaranteed, the term rural area means an area described in section 343(a)(13)(A) of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 1991(a)(13)(A) ) before the period at the end. 5503. Farmer loan data collection (a) In general The Farm Credit Act of 1971 ( 12 U.S.C. 2001 et seq. ) is amended by inserting after section 4.20 the following: 4.21. Small farmer loan data collection (a) Purpose The purpose of this section is to affirm that the Farm Credit Administration is the sole and independent regulator of the Farm Credit System. (b) Definition In this section, the term small farmer means a small farmer, rancher, or producer or harvester of aquatic products as defined pursuant to section 4.19. (c) Collection of demographic data by Farm Credit System lenders Notwithstanding any other provision of law, Farm Credit System institutions, pursuant to regulations promulgated by the Farm Credit Administration, shall— (1) request that loan applicants and borrowers that are small farmers disclose information identifying their race, sex, and ethnicity; (2) collect and maintain the information resulting from the requests; and (3) report to the Farm Credit Administration on an annual basis the information collected pursuant to the requests. (d) Directions to the Farm Credit Administration The Farm Credit Administration— (1) shall collect the information gathered by Farm Credit System institutions under this section and make the information available to the public on an annual basis