Disclosure to Investors in Systemwide and Consolidated Bank Debt Obligations of the Farm Credit System

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The Farm Credit Administration (FCA), by the FCA Board (Board), publishes for comment proposed regulations that would require each bank of the Farm Credit System (FCS or System), the Federal Farm Credit Banks Funding Corporation (Funding Corporation), and the Farm Credit System Financial Assistance Corporation (Financial Assistance Corporation) to jointly publish annual and quarterly reports to investors and potential investors in Systemwide debt obligations and consolidated bank debt obligations of the Farm Credit System (FCS debt obligations). The report to investors required by the proposed rule would contain Systemwide financial statements, supplemental financial statement information, and related analyses pertaining to System institutions presented on a combined basis. The proposed rule would ensure that timely and accurate Systemwide financial information continues to be disclosed to investors and the public to assist them in making informed decisions regarding FCS debt obligations and System institutions. The proposed rule would integrate individual System institutions' disclosure to shareholders with the Systemwide disclosure to investors. Though not required by existing FC