Farm Credit Administration
1501 Farm Credit Drive
McLean, Virginia 22102-5090
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For Immediate Release
NR 09-02 (02-12-09)
Contact: Michael A. Stokke or Christine Quinn, 703-883-4056
Web site: www.fca.gov
FCA Board Approves Spring 2009 Unified Agenda, Regulatory Performance Plan
McLEAN, Va., February 12, 2009 — The Farm Credit Administration (FCA or Agency) Board today approved the Agency’s spring 2009 submission for the Unified Agenda of Federal Regulatory and Deregulatory Actions and the Spring 2009 Regulatory Performance Plan.
The purpose of the Unified Agenda submission is to inform the public of the FCA Board’s regulatory priorities for the next 12 months. It identifies 18 subjects for regulatory action, including the Secure and Fair Enforcement for Mortgage Licensing Act, capital adequacy, investment asset management, Farmer Mac investments and liquidity management, and scope of lending for moderately priced housing and related issues.
The submission also identifies actions or reviews completed since fall 2008 and six additional items that are in the pre-rule stage and are being explored for possible rulemaking action. The information will be included in the official Unified Regulatory Agenda, which is published semiannually on the Internet at www.reginfo.gov.
The Regulatory Performance Plan shows only the reviews and actions that are projected to occur over the next 12 months, and it is posted on the FCA Web site at www.fca.gov/law/perf_plan.html.
In other business, the Office of Management Services presented a report on the Agency’s first quarter budget status and the status of human capital initiatives and the Agency Continuity of Operations Plan.
The Farm Credit Administration is the safety and soundness regulator of the cooperative Farm Credit System (System) and the Federal Agricultural Mortgage Corporation (Farmer Mac). FCA charters, regulates, and examines the 102 banks, associations, and service corporations of the System and Farmer Mac. System institutions make loans to agricultural producers and their cooperatives nationwide. Farmer Mac provides a secondary market for agricultural real estate and rural housing mortgage loans. Members of the FCA Board are Leland A. Strom, Chairman and CEO; Nancy C. Pellett; and Dallas P. Tonsager.
Note: FCA news releases are available on the Web at www.fca.gov.