Rolnictwo i finanse · 20/07/1995

Farm Credit System Building Association Management Operations Policies and Practices

On July 7, 1995, the Farm Credit Administration (FCA), by its Board (Board), adopted a policy statement concerning general parameters and policies for the operational practices of the Farm Credit System Building Association (FCSBA) which are supplementary to the FCSBA Bylaws. The FCSBA was established to provide the facilities and related services for the FCA and its regional offices. The FCSBA is owned by the banks of the Farm Credit System (Banks) and is funded by assessments, commercial tenants, and other income. The FCSBA owns and operates the FCA McLean, Virginia headquarters and holds the leases and provides certain services and furnishings for FCA field offices. The FCA Board has sole discretionary authority under section 5.16 of the Farm Credit Act of 1971, as amended, to approve the plans and decisions for such building and facilities. In order to carry out this authority and to preserve the FCA's arm's-length relationship with the Banks, the Articles of Association and Bylaws of the FCSBA grant the FCA Board the responsibility to oversee the affairs of the FCSBA. The Chairman of the FCA Board shall be responsible for coordinating the FCA Board's involvement in and respons