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


For Immediate Release
NR 08-16 (10-01-08)
Contact: Martha Schober or Christine Quinn, 703-883-4056
E-mail: info-line@fca.gov
Web site: www.fca.gov

FCA Receives Quarter-End Capital Number from Farmer Mac

McLEAN, Va., October 1, 2008 — The Federal Agricultural Mortgage Corporation (Farmer Mac) today issued and reported to the Farm Credit Administration's Office of Secondary Market Oversight its capital surplus number for the quarter ended September 30, 2008. With the successful issuance of $65 million of preferred stock earlier this week, Farmer Mac reported a quarter-end capital surplus of approximately $29 million above its minimum statutory requirement. This capital surplus adequately supports Farmer Mac's plans to fulfill its mission to benefit farmers, ranchers, and rural residents.

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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 104 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.