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News ReleaseFarm Credit Administration
1501 Farm Credit Drive
McLean, Virginia 22102-5090

For Immediate Release
NR-06-11 (10-26-06)
Contact: Martha Schober or Christine Quinn, 703-883-4056
E-mail: info-line@fca.gov
Web site: www.fca.gov

William Hoffman Named Executive Assistant to Farm Credit Administration Chairman

McLEAN, Va., October 26, 2006 — William J. Hoffman has been named Executive Assistant to Farm Credit Administration (FCA or Agency) Chairman and CEO Nancy C. Pellett. He will replace James Morris, who has been named as General Counsel of the Farm Credit System Insurance Corporation. Both appointments will be effective October 29.

Chairman Pellett said, “Bill has a wealth of experience with the Farm Credit System and the Agency, and I am pleased that he has agreed to be a part of my staff. He will be an important asset to the FCA management team.”

Mr. Hoffman has most recently served the Agency as the Associate Director for Examination and Supervision in the Office of Secondary Market Oversight, which oversees the Federal Agricultural Mortgage Corporation. He began his career as a credit representative in the former Louisville Farm Credit District.

Mr. Hoffman first joined FCA in 1976 as a credit and operations officer and went on to work in various divisions of the former Office of Supervision where he handled supervisory responsibilities for several Farm Credit districts. In 1980 he became director of the Eastern Division, Office of Supervision, where he served for four years before being named Associate Deputy Governor for the former Office of Examination and Supervision.

In 1986 he joined the former St. Louis Farm Credit Bank as Vice President of High-Risk Assets. He later served as the CEO of PennWest Farm Credit, ACA. Before rejoining FCA
in 2004, he was involved in agricultural finance in the private sector and several international projects.

The FCA is a Federal regulatory agency headquartered in McLean, Virginia. The three-member FCA Board sets policy for the Agency, which is responsible for ensuring the safe and sound operation of the banks, associations, affiliated service organizations, and other entities that compose the Farm Credit System.
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The Farm Credit Administration is the safety and soundness regulator of the cooperative Farm Credit System. FCA charters, regulates, and examines the 108 banks, associations, and service corporations of the System. System institutions make loans to agricultural producers and their cooperatives nationwide. Members of the FCA Board are Nancy C. Pellett, Chairman and CEO; Douglas L. “Doug” Flory; and Dallas P. Tonsager.

Note: FCA news releases are available on the Internet. Access the FCA Home Page at www.fca.gov.