Policy Statement Concerning Official Names of Farm Credit System Institutions

Résumé

The Farm Credit Act of 1971 (1971 Act), as amended, gives the Farm Credit Administration (FCA) broad powers to issue and amend the charters of Farm Credit System (System) institutions and regulate the exercise of their powers. The FCA Board has concluded that institutions should have the maximum degree of flexibility possible in proposing official names for their institutions and should not have to use trade names that are more commonly accepted than their official names. At the same time, the official name of an institution should always be one that can be readily identified by the public as belonging to an institution affiliated with the System. In addition, there must be a simple way for the public and the FCA to be able to identify the name as belonging to one of the various types of institutions regulated by the FCA. To reaffirm, by formal FCA Board Action, the continuing validity of the policy statement which requires Farm Credit Banks and associations to include as a part of their official name their statutory or regulatory designation or the appropriate acronym, the FCA Board has reaffirmed its policy statement on Farm Credit Institution Names adopted by the FCA Board and s