Farm Credit Administration

• Pages: 391-394

FARM CREDIT ADMINISTRATION

1501 Farm Credit Drive, McLean, VA 22102-5090

Phone, 703-883-4000. Fax, 703-734-5784. Internet, www.fca.gov.

Farm Credit Administration Board:

Chairman and Chief Executive Officer Nancy C. Pellett

Members of the Board Leland A. Strom, Dallas P. Tonsager

Secretary to the Board Roland E. Smith

Staff:

Chief of Staff Keith H. Heffernan

Director, Office of Congressional and Public Martha E. Schober

Affairs

General Counsel Charles R. Rawls

Inspector General Carl A. Clinefelter

Director, Office of Examination and Chief Thomas G. McKenzie

Examiner

Director, Office of Regulatory Policy Andrew D. Jacob

Director, Office of Secondary Market Oversight S. Robert Coleman

Director, Office of Management Services Stephen G. Smith

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The Farm Credit Administration is responsible for ensuring the safe and sound operation of the banks, associations, affiliated service organizations, and other entities that collectively comprise what is known as the Farm Credit System, and for protecting the interests of the public and those who borrow from Farm Credit institutions or invest in Farm Credit securities.

The Farm Credit Administration (FCA) was established as an independent financial regulatory agency in the executive branch of the Federal Government by Executive Order 6084 on March 27, 1933. FCA carries out its responsibilities by conducting examinations of the various Farm Credit lending institutions, which are Farm Credit Banks, the Agricultural Credit Bank, Agricultural Credit Associations, and Federal Land Credit Associations. FCA also examines the service organizations owned by the Farm Credit lending institutions, as well as the National Cooperative Bank.

T214669.035

FCA policymaking is vested in the Farm Credit Administration Board, whose three full-time members are appointed to 6-year terms by the President, with the advice and consent of the Senate. One member of the Board is designated by the President as Chairman and serves as the Administration's chief executive officer. The Board is responsible for approving rules and regulations, providing for the examination and regulation of and reporting by Farm Credit institutions, and establishing the policies under which the Administration operates. Board meetings are regularly held on the second Thursday of the month and are subject to the Government in the Sunshine Act. Public announcements of these meetings are...