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Welcome to FCA. We are the independent Federal agency responsible for examining and regulating the Farm Credit System (FCS).

The FCS is a nationwide network of borrower-owned lending institutions and specialized service organizations that provide credit and related services to farmers, ranchers, agricultural cooperatives, and other eligible borrowers.

 

recent updates

May 12, 2008
Office of Inspector General, Semiannual Report to Congress, October 1, 2007, through April 30, 2008 (PDF, 20 pages, 302 KB)

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May 8, 2008
FCA Board Adopts a Proposed Rule to Authorize FCS Institutions to Make Rural Community Investments (news release). For more information on the proposed rule, see the fact sheet attached to the news release.

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May 2, 2008
Agenda for May 8 FCA Board Meeting

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April 30, 2008
A report containing statistical data on equal employment opportunity complaints filed at FCA as of March 31, 2008, is available. This report complies with requirements of the Notification and Federal Employee Antidiscrimination and Retaliation Act of 2002 (No FEAR Act).

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April 23, 2008
Informational Memorandum: Collateral Evaluation Requirements and Frequently Asked Questions

Comments by Andrew D. Jacob at the Commodity Futures Trading Commission's Agricultural Forum

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April 10, 2008
The Office of Inspector General has added one peer review and the five most recent FCS survey reports to its list of Other Inspector General Publications.

Information on corporate activity of FCS institutions as of April 1, 2008. Includes table showing the number of FCS institutions by type and district and a table showing FCA Board approvals of FCS corporate applications from January 1 to April 1, 2008.

FCA Board Issues a Final Rule Amending the Criteria that Processing and Marketing Operations Must Meet to Qualify for FCS Financing (news release). For more information on the final rule, see the fact sheet attached to the news release.

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March 21, 2008
FCA and five other Federal financial institution regulatory agencies issued a joint news release today titled "Agencies Release Proposed Revisions to Interagency Questions and Answers Regarding Flood Insurance."

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March 13, 2008
FCA Board Approves Proposed Revisions to “Interagency Questions and Answers Regarding Flood Insurance” (news release)

Spring 2008 Regulatory Performance Plan

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February 29, 2008
FCA Quarterly Report on Issuance of Personal Identity Verification Credentials

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February 26, 2008
The Frequently Asked Questions on the Disclosure and Reporting Rule have been updated.

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February 19, 2008
Floor Nomination Procedures for System Associations and Banks (Bookletter 055, issued by the FCA Board on February 14, 2008)

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February 14, 2008
FCA Board Identifies Conditions Warranting Referral to the FCA Regulatory Enforcement Committee (news release)

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February 12, 2008
Informational Memorandum: Instructions for Filing Part 620 Reports with FCA

The final rule on Disclosure to Shareholders—Annual Report to Shareholders became effective on February 6. The notice (PDF, 1 page, 37.67 KB) was published today in the Federal Register.

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February 5, 2008
Informational Memorandum: Maximum Bank Director Compensation for 2008

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January 31, 2008
FCA FY 2007 Freedom of Information Act Annual Report
(PDF, 11 pages, 60.53 KB)

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January 17, 2008
Effect of Financial Accounting Standards No. 158 on Regulatory Capital (Bookletter 054, approved by the FCA Board on January 8, 2008)

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January 16, 2008
FCS major financial indicator data as of September 30, 2007. See the quarterly comparison table (PDF, 1 page, 44.93 KB) and the table showing data by district (PDF, 1 page, 55.68 KB).

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January 10, 2008
FCA Board Hears Auditor’s Report on FCA’s FY 2007/2006 Financial Statements (news release)

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December 28, 2007
FCA issued five Informational Memorandums in December 2007:

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December 27, 2007
The direct final rule on Disclosure to Investors in System-Wide and Consolidated Bank Debt Obligations of the Farm Credit System was published in the Federal Register on November 15, 2007.

The final rule on Priority of Claims—Joint and Several Liability and the direct final rule on Priority of Claims—Subordinated Debt became effective November 16, 2007.

The final rule on Disclosure to Shareholders—Annual Report to Shareholders was published in the Federal Register on December 4, 2007.

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December 14, 2007
FCA Board Rescinds Policy Guidance Documents
Governing Farm Credit System Institutions

(news release)

Updates to sections of the FCA Examination Manual—Information Technology are now available.

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December 11, 2007
On November 9, 2007, sections of Regulations B, M, and Z pertaining to the electronic delivery of disclosures were amended. For more information, see FCA’s E-commerce page.

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November 14, 2007
FCA Performance and Accountability Report, Fiscal Year 2007
(PDF, 82 pages, 6.00 MB)

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November 8, 2007
FCA Board Adopts Final Rule Extending Distribution Deadline for FCS Annual Reports to Shareholders (news release)

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November 6, 2007
Advance notice of proposed rulemaking on the Capital Adequacy–Basel Accord was published in the Federal Register last week. The comment period for this rule ends on March 31, 2008.

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