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


For Immediate Release
NR 08-13 (08-14-08)
Contact: Martha Schober or Christine Quinn, 703-883-4056
E-mail: info-line@fca.gov
Web site: www.fca.gov
FCA Board Approves the Fall 2008 Unified Agenda and
Regulatory Performance Plan

McLEAN, Va., August 14, 2008 — The Farm Credit Administration (FCA or Agency) Board today approved the Agency’s Fall 2008 Abstract of the Unified Agenda of Regulatory and Deregulatory Actions, as well as the Fall 2008 Regulatory Performance Plan.

The abstract identifies 13 subjects for regulatory action over the next 12 months, including regulatory capital requirements, disclosure requirements, and rural community investments.

The abstract also identifies projects for review over the next 12 months, as well as actions or reviews completed since spring 2008. The information in the abstract will be included in the official Unified Agenda, which is published semiannually on the Web 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 Agency’s Web site at www.fca.gov/law/perf_plan.html.

Equal Employment Opportunity and Diversity

In other business, the Board approved an updated and revised version of Policy Statement 62, “Equal Employment Opportunity and Diversity.” The Board took this action to reaffirm its commitment to equal employment opportunity and diversity and its belief that all FCA employees should be treated with dignity and respect.

The revised version contains no policy changes but clarifies certain points in the policy statement. For example, it clarifies that the FCA chief executive officer has explicit authority to fill and specify duties for equal employment opportunity positions.

Office of Management Services Report

The FCA Office of Management Services presented the Agency’s third-quarter budget status, an update on staffing, and an overview of the Agency’s technology plan.

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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 106 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 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.