What hath the FCA board wrought?

Bert Ely

American Bankers Association, 1998, vol. 11, issue 4

Abstract: In an astounding development, on July 14, 1998, the board of the Farm Credit Administration (FCA), the Farm Credit System's (FCS) purported safety-and-soundness regulator, adopted a new philosophy that could once again wreak havoc on rural America. In a sharp break with more than 80 years of history, the FCA board stated it believes that unrestricted intra-System competition is beneficial for the customer and the long-term relevancy of the Farm Credit System. Except for a few recent and very limited territorial overlaps, FCS lending associations serve exclusive territories for their type of lending.

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Date: 1998
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