Archive of Updates
July 10, 2008
FCA 2007 Annual Report on the Farm Credit System (PDF, 64 pages, 32 MB)
July 3, 2008
William Hoffman Named Chief Operating Officer for Farm Credit Administration (news release)
June 24, 2008
FCA Commends Farm Credit System for Working with Borrowers Affected by Midwest Floods (news release)
June 23, 2008
The notice of intent and request for comment on Regulatory Burden (73 FR 35361) was published in the Federal Register today. The comment period for this rule ends on August 22.
Second Quarter FY 2008
OIG Report on the Survey of FCS Institutions Regarding the Examination Function (PDF, 8 pages)
Report of Audit: Information Technology Infrastructure Project Management (PDF, 15 pages)
FY 2007 Audit of FCA's Financial Statements (PDF, 10 pages)
June 20, 2008
The proposed rule on Rural Community Investments (73 FR 33931) was published in the Federal Register on June 16.
June 12, 2008
FCS Lending to Young, Beginning, and Small Farmers Remains Solid (news release)
June 2, 2008
Leland Strom Is Designated as Chairman and CEO of the Farm Credit Administration (news release)
May 28, 2008
Office of Inspector General Audit Report: Efficiencies Realized Through Outsourcing (PDF, 13 pages, 296 KB)
May 20, 2008
FAQs About Collateral Evaluations
May 12, 2008
Office of Inspector General, Semiannual Report to Congress, October 1, 2007, through April 30, 2008 (PDF, 20 pages, 302 KB)
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.
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
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.
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.
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."
March 13, 2008
FCA
Board Approves Proposed Revisions to “Interagency Questions
and Answers Regarding Flood Insurance” (news release)
February 26, 2008
The Frequently Asked Questions on the Disclosure and Reporting Rule have been updated.
February 19, 2008
Floor Nomination Procedures for System Associations and Banks (Bookletter 055, issued by the FCA Board on February 14, 2008)
February 14, 2008
FCA Board Identifies Conditions Warranting Referral to the FCA Regulatory Enforcement Committee (news release)
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.
February 5, 2008
Informational Memorandum: Maximum Bank Director Compensation for 2008
January 31, 2008
FCA FY 2007 Freedom of Information Act Annual Report
(PDF, 11 pages, 60.53 KB)
January 17, 2008
Effect of Financial Accounting Standards No. 158 on Regulatory Capital (Bookletter 054, approved by the FCA Board on January 8, 2008)
January 10, 2008
FCA Board Hears Auditor’s Report on FCA’s FY 2007/2006 Financial Statements (news release)
December 28, 2007
FCA issued five Informational Memorandums in December 2007:
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.
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.
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.
November 14, 2007
FCA Performance and Accountability Report, Fiscal Year 2007
(PDF, 82 pages, 6.00 MB)
November 8, 2007
FCA Board Adopts Final Rule Extending Distribution Deadline for FCS Annual Reports to Shareholders (news release)
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.
October 12, 2007
Office of Inspector General, Semiannual Report to the Congress, April 1 through September 30, 2007 (PDF, 19 pages, 399.37 KB)
FCA Board Adopts Final Rule to Require External Auditors of the Funding Corporation to Directly Assess Internal Control Over Financial Reporting
(news release)
October 5, 2007
2007 Federal Information Security Management Act (FISMA) Evaluation
(PDF, 18 pages, 181.98 KB)
October 2, 2007
FCA has clarified that service corporations are technically required to conduct annual board self-evaluations. See item
no. 5 in the list of FAQs related to governance changes in 2006.
September 13, 2007
FCA Board Approves Final Rules on Priority of Claims
(news release)
August 28, 2007
Office of Inspector General FY 2008-2009 Strategic and Operating Performance Plan (PDF, 35 pages, 885.89 KB)
August 14, 2007
FCA published an Informational Memorandum titled
Adverse Actions Based on Consumer Credit Reports.
August 10, 2007
FCA issued a revised Bookletter titled
Providing Sound and Constructive Credit to Young, Beginning, and Small Farmers, Ranchers, and Producers or Harvesters of Aquatic Products.
August 3, 2007
The Office of Inspector General has issued a report on its inspection of
FCA’s Enforcement Program. (PDF, 11 pages, 178.56 KB)
The
2006 Peer Review of FCA’s Office of Inspector General is available. (PDF, 1 page)
June 29, 2007
FCA 2006 Annual Report on the Farm Credit System contains information on the financial condition and performance of the FCS and on its service to young, beginning and small farmers. (PDF, 74 pages, 4.14 MB)
June 19, 2007
Disclosure and Reporting Rule Frequently Asked Questions and a related table providing a Summary of Compliance Dates are available.
June 14, 2007
Farm Credit Administration Considers Revisions to Capital Rules (news release)
May 10, 2007
Farm Credit System Lending to Young, Beginning and Small Farmers and Ranchers Continues to Increase (news release)
March 27, 2007
Chairman Nancy C. Pellett's testimony (PDF, 16 pages, 46.01 KB) presented at the House Agriculture Subcommittee on Conservation, Credit, Energy, and Research hearing regarding a review of credit availability in rural America.
March 6, 2007
The Role of Farm Credit System Nominating Committees (revised) brochure (PDF, 2 pages, 1.11 MB)
Two frequently asked questions (FAQs) have been added to the governance FAQs. They are FAQ 10 under Board Composition and FAQ 38 under Director Elections and the Annual Meeting Information Statement.
