Federal Farm Credit Banks Funding Corporation

Stored: Federal Farm Credit Banks Funding Corporation

Federal Farm Credit Banks Funding Corporation Type: Government Corporation Parent organization: Farm Credit System Top organization: Employees: 50 Executive: President and CEO Budget: Funded by fees from Farm Credit System banks, no direct federal appropriations. Address: 100 Wall Street, 19th Floor, New York, NY 10005, USA Website: https://www.farmcreditfunding.com/ Creation Legislation: Farm Credit Act of 1971 Wikipedia: Federal Farm Credit Banks Funding Corporation

Federal Farm Credit Banks Funding Corporation [{"name":"Federal Farm Credit Banks Funding Corporation","title":"\u003Ca class=\"mw-selflink selflink\"\u003EFederal Farm Credit Banks Funding Corporation\u003C\/a\u003E","lat":40.70531,"lon":-74.00675,"otherValues":{"HeadquartersAddress":"100 Wall Street, 19th Floor, New York, NY 10005, USA"}}] This map created from a Cargo query ()

Mission To issue and market debt securities on behalf of the Farm Credit System banks, ensuring a stable source of funding for agricultural credit and supporting rural communities.

Services Debt issuance; Marketing of securities; Investor relations

Regulations

The Federal Farm Credit Banks Funding Corporation (FFCBFC) based in Jersey City, New Jersey is an entity within the Farm Credit System (FCS) that manages and coordinates the sale of system-wide bonds and notes in the national financial markets. Since the FCS, by law, is not permitted to accept customer deposits, these bonds and notes are the FCS’s primary source of loanable funds.

It is an integral part of the Farm Credit System (FCS), responsible for issuing and marketing the debt securities that provide funds for the FCS to lend to America's agricultural community.

Official Site

Mission

The mission of the Federal Farm Credit Banks Funding Corporation is to issue and market debt securities on behalf of the four Farm Credit System banks, thereby ensuring a stable and cost-effective source of funding for agricultural credit. This activity supports the FCS's mission to serve rural communities by providing reliable and consistent credit and financial services to farmers, ranchers, and rural businesses.

Parent organization

The FFCBFC is part of the Farm Credit System, which is a network of borrower-owned cooperative lending institutions.

Legislation

The corporation was established under the Farm Credit Act of 1971, which consolidated and updated previous farm credit legislation.

Partners

- Farm Credit Administration - Farm Credit System Banks

Number of employees

FFCBFC employs approximately 50 people.

Organization structure

• Debt Issuance Division manages the issuance, marketing, and handling of Farm Credit debt securities.
• Investor Relations Division ensures communication and transparency with investors regarding Farm Credit securities.

List of programs

• Issuance of Farm Credit Debt Securities
• Investor Information Services

Last total enacted budget

FFCBFC does not have a traditional budget; it is funded through fees charged to the Farm Credit System banks based on their use of funding.

Leader

The leader of FFCBFC holds the title of President and CEO.

Services provided

FFCBFC issues and markets debt securities on behalf of the Farm Credit System banks, ensuring that these institutions have access to necessary capital for lending. It also engages in investor relations, providing financial disclosures and managing relationships with investors and rating agencies.

Regulations overseen

FFCBFC does not directly oversee regulations but operates under the regulatory oversight of the Farm Credit Administration, which regulates the Farm Credit System.

Headquarters address

100 Wall Street, 19th Floor, New York, NY 10005, USA

Website

https://www.farmcreditfunding.com/

Wikipedia article

wikipedia:Federal Farm Credit Banks Funding Corporation

External links

• https://www.farmcreditfunding.com/
• Official website
• Farm Credit System on Wikipedia

References

 This article incorporates public domain material from Jasper Womach, Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition, Congressional Research Service, https://web.archive.org/20110810044532/http://ncseonline.org/nle/crsreports/05jun/97-905.pdf