Farm Credit System: Farm Credit Administration Effectively Addresses
Identified Problems (Chapter Report, 01/07/94, GAO/GGD-94-14).

The Farm Credit System is a government-sponsored enterprise created by
Congress to ensure a stable supply of credit to farmers.  The system,
which is cooperatively owned by its member-borrowers, holds about $62
billion in assets.  It nearly collapsed in the mid-1980s, and the
government bailout is still being repaid.  This history, the large
losses in the savings and loan industry, and problems in banking
prompted GAO to review the regulation of the system.  This report
describes GAO's findings in detail.

--------------------------- Indexing Terms -----------------------------

 REPORTNUM:  GGD-94-14
     TITLE:  Farm Credit System: Farm Credit Administration Effectively 
             Addresses Identified Problems
      DATE:  01/07/94
   SUBJECT:  Regulatory agencies
             Lending institutions
             Farm credit
             Farm credit banks
             Financial management systems
             Farm income stabilization programs
             Bank examination
             Interagency relations
             Banking regulation
             Agricultural programs
IDENTIFIER:  Farm Credit System
             FCA Quality Assurance Review Program
             FCA Loan Accounts Report System
             FCA Early Warning System
             FCSIC Risk Assessment Special Examination Program
             FCA Market Access and Risk Alert Program
             
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