FCA has taken various steps to address the challenges posed by the COVID-19 pandemic.
First, the agency is urging Farm Credit System institutions to work with borrowers affected by the virus and the measures taken to contain it.
Second, we have notified System institutions of our willingness to provide them with temporary regulatory relief as they manage the operational challenges created by the pandemic. We are also communicating regularly with the institutions to provide guidance and assistance.
Our actions are consistent with measures taken by other federal banking regulators to help borrowers, consumers, and financial institutions that have been affected by the coronavirus.
We will update this page as more information and resources become available.
We have issued the following items on the topic:
- Informational memorandum: Guidance on the Paycheck Protection Program for small businesses affected by the COVID-19 pandemic (PDF), April 3, 2020
- Informational memorandum: Guidance on reporting troubled debt restructurings for customers affected by the national emergency declaration for the COVID-19 outbreak (PDF), April 1, 2020
- Informational memorandum: Critical infrastructure designation (PDF), March 27, 2020
- News release: Farm Credit Administration responds to COVID-19 pandemic (PDF), March 20, 2020
- News release: FCA encourages Farm Credit System borrowers to work with borrowers affected by COVID-19 (PDF), March 17, 2020
- USA.gov/coronavirus (Also in Spanish:
Guidance from other federal bank regulators and USDA
- Board of Governors of the Federal Reserve System
- Consumer Financial Protection Bureau
- Federal Deposit Insurance Corporation
- National Credit Union Administration
- Office of the Comptroller of the Currency
- U.S. Department of Agriculture