Farm Credit System

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Related to Federal Farm Credit Banks: Federal National Mortgage Association, Federal Home Loan Bank

Farm Credit System

The oldest government-sponsored enterprise (GSE) (www.farmcreditffcb.com) in the country, created in 1916. It is a nationwide network of borrower-owned lending institutions and affiliated service entities that makes loans to agricultural and rural borrowers.The members do not take deposits.The funds for loans are obtained through the issuance of Farm Credit debt securities on a worldwide basis in the domestic and global capital markets.

References in periodicals archive ?
Engel serves on the board of directors for the Federal Farm Credit Banks Funding Corporation, Farm Credit Leasing Services Corp.
Moody's applied the same action also to Fannie Mae, Freddie Mac, the Federal Home Loan Banks and the Federal Farm Credit Banks, which are viewed as linked to the government, as well as to related bonds, including bonds of Israel and Egypt benefiting from a US cover.
17 January 2010 -- Barclays (LON:BARC), Credit Suisse (VTX:CSGN) and Jefferies (NYSE:JEF) have lead-managed The Federal Farm Credit Banks Funding Corp's (FFCB) issue of USD1.3bn (EUR978m) designated bonds, Reuters reported.
22 June 2010 - US Federal Farm Credit Banks Funding Corp said CEO Jamie Stewart would retire in early 2011.

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