    [United States Government Manual]
    [June 01, 2007]
    [Pages 391-394]
    [From the U.S. Government Publishing Office, www.gpo.gov]

    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

    [For the Farm Credit Administration statement of organization, see the
            Code of Federal Regulations, Title 12, Parts 600 and 611]

    ------------------------------------------------------------------------

    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.
        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

    [[Page 392]]
    [GRAPHIC] [TIFF OMITTED] T211657.035

    [[Page 393]]

    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 published in the Federal Register.
        The lending institutions of the Farm Credit System were established
    to provide adequate and dependable credit and closely related services
    to farmers, ranchers, and producers or harvesters of aquatic products;
    persons engaged in providing on-the-farm services; rural homeowners; and
    associations of farmers, ranchers, and producers or harvesters of
    aquatic products, or federations of such associations that operate on a
    cooperative basis and are engaged in marketing, processing, supply, or
    business service functions for the benefit of their members. Initially
    capitalized by the United States Government, the Farm Credit lending
    institutions are organized as cooperatives and are completely owned by
    their borrowers. The loan funds provided to borrowers by these
    institutions are obtained primarily through the sale of securities to
    investors in the Nation's capital markets.
        The Agricultural Credit Act of 1987, as amended (12 U.S.C. 2279aa-
    1), established the Federal Agricultural Mortgage Corporation (commonly
    known as ``Farmer Mac''). The Corporation, designated as part of the
    Farm Credit System, is a federally chartered instrumentality of the
    United States and promotes the development of a secondary market for
    agricultural real estate and rural housing loans. Farmer Mac also
    provides guarantees for the timely payment of principal and interest on
    securities, representing interests in or obligations backed by pools of
    agricultural real estate loans. The Administration is responsible for
    the examination and regulation of Farmer Mac to ensure the safety and
    soundness of its operations.
        The Administration manages regulations under which Farm Credit
    institutions operate. These regulations implement the Farm Credit Act of
    1971, as amended (12 U.S.C. 2001), and have the force and effect of law.
    Similar to other Federal regulators of financial institutions, the
    Administration's authorities include the power to issue cease-and-desist
    orders, to levy civil monetary penalties, to remove officers and
    directors of Farm Credit institutions, and to establish financial and
    operating reporting requirements. Although it is prohibited from
    participation in routine management or operations of Farm Credit
    institutions, the Administration is authorized to become involved in
    these institutions' management and operations when the Farm Credit Act
    or its regulations have been violated, when taking an action to correct
    an unsafe or unsound practice, or when assuming a formal conservatorship
    over an institution.
        The Administration does not operate on funds appropriated by
    Congress. Its income is derived from assessments collected from the
    institutions it regulates and examines. In addition to the headquarters
    office located in McLean, VA, the Administration maintains four field
    offices located in Aurora, CO; Bloomington, MN; Irving, TX; and
    Sacramento, CA.
        Authority for the organization and activities of the institutions
    comprising the cooperative Farm Credit System which operate under the
    regulation of the Farm Credit Administration may be found in the Farm
    Credit Act of 1971, as amended.

    Sources of Information

    Inquiries for information on the following subjects may be directed to
    the specified office, Farm Credit Administration, 1501 Farm Credit
    Drive, McLean, VA 22102-5090.
    Contracts and Procurement  Inquiries regarding the Administration's
    procurement and contracting activities should be directed in writing to
    the Office of Management Services. Phone, 703-883-4135. TTY, 703-883-
    4200. Requests for proposals, invitations for bids, and requests for
    quotations are posted when open on the

    [[Page 394]]

    Administration's Web site at www.fca.gov.
    Employment  Inquiries regarding employment with the Administration
    should be directed to the Office of the Management Services. Phone, 703-
    883-4135. TTY, 703-883-4200. Vacancy announcements are posted on the
    Administration's Web site at www.fca.gov.
    Freedom of Information Requests  Requests for agency records must be
    submitted in writing, clearly labeled ``FOIA Request'' and addressed to
    the Office of the General Counsel. Phone, 703-883-4020 (voice and TTY).
    Requests may be submitted through the Internet at www.fca.gov.
    Publications  Publications and information on the Farm Credit
    Administration may be obtained by writing to the Office of Congressional
    and Public Affairs. They are also posted on the Farm Credit
    Administration's Web site at www.fca.gov. Phone, 703-883-4056 (voice and
    TTY). Fax, 703-790-3260. E-mail, info-line@fca.gov.

    For further information, contact the Office of Congressional and Public
    Affairs, Farm Credit Administration, 1501 Farm Credit Drive, McLean, VA
    22102-5090. Phone, 703-883-4056 (voice and TTY). E-mail, info-
    line@fca.gov. Internet, www.fca.gov.

    ------------------------------------------------------------------------