Organization of the FCS

The Cooperative Way

FCS Directory and Map

Mergers, Name Changes, and Other Corporate Activity

Resources for the FCS

Consolidated Reporting System Reports

Major Financial Indicators

Farmer Mac

Governance of FCS Institutions

Director's Role

Amended Governance Requirements (71 FR 5740)

FAQs About Governance Changes in 2006

Financial Expert Determination

The Role of Farm Credit System Nominating Committees

Bookletter 009

Bookletter 043

Bookletter 055

Bookletter 056

Bookletter 060


Young, Beginning, and Small Farmer/Rancher Lending

Loan Portfolio
Management Guidance

Farmland Collateral Risk

Flood Disaster Protection

Submit Data to FCA

Home > FCS Information >
Home > Reports and Publications > Resources for the FCS >

Governance of FCS Institutions

As cooperatives, Farm Credit System institutions are governed by boards of directors elected from among their member-borrowers. FCA is responsible for establishing the requirements for FCS institution boards to follow.

Governance requirements are set forth in several of the regulations the Agency has established for the FCS. The requirements address such issues as

FCA also provides the following resources to help FCS institutions govern themselves successfully and in accordance with regulatory requirements:

Recent Changes to Governance Requirements

In early 2006, the FCA Board amended some of the governance requirements contained in its regulations. These amended requirements were published in the Federal Register on February 2, 2006. (See 71 FR 5740.) They became effective on April 5, 2006.

The rule amending the governance requirements

Note: None of these changes applied to Farmer Mac.

For an overview of these changes, see the PowerPoint presentation, Governance Final Rulemaking. For more detailed information, see FAQs About Governance Changes in 2006.