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Rolnictwo i finanse · 3.05.1996

Policy Statement on Association Structure

Section 7.8 of the Farm Credit Act of 1971, as amended, provides the Farm Credit Administration (FCA) with the authority to approve mergers of unlike associations. With limited exceptions, the FCA has not allowed unlike association mergers unless the territories of the merging entities have been the same. The FCA Board will now consider merger requests from unlike associations whose territories are not the same when such mergers promote efficiencies and improve services to borrowers, provided the resulting institutions are financially viable and any adverse impact on other Farm Credit System institutions is minimal. The FCA Board Policy Statement on Association Structure describes the criteria it will consider when acting on such merger requests. However, nothing in the Policy Statement limits the FCA Board's discretion with respect to charter requests.

Source: Federal Register — Farm Credit AdministrationOpen original release →