12 C.F.R. PART 600—ORGANIZATION AND FUNCTIONS
Title 12 - Banks and Banking
Authority: Secs. 5.7, 5.8, 5.9, 5.10, 5.11, 5.17, 8.11 of the Farm Credit Act (12 U.S.C. 2241, 2242, 2243, 2244, 2245, 2252, 2279aa–11).
Source: 53 FR 16693, May 11, 1988, unless otherwise noted.
Source: 70 FR 69645, Nov. 17, 2005, unless otherwise noted.
The Farm Credit Act of 1971, Public Law 92–181 recodified and replaced the prior laws under which the Farm Credit Administration (FCA) and the institutions of the Farm Credit System (System or FCS) were organized and operated. The prior laws, which were repealed and superseded by the Act, are identified in section 5.40(a) of the Act. Subsequent amendments to the Act and enactment dates are as follows: Public Law 94–184, December 31, 1975; Public Law 95–443, October 10, 1978; Public Law 96–592, December 24, 1980; Public Law 99–190, December 19, 1985; Public Law 99–198, December 23, 1985; Public Law 99–205, December 23, 1985; Public Law 99–509, October 21, 1986; Public Law 100–233, January 6, 1988; Public Law 100–399, August 17, 1988; Public Law 100–460, October 1, 1988; Public Law 101–73, August 9, 1989; Public Law 101–220, December 12, 1989; Public Law 101–624, November 28, 1990; Public Law 102–237, December 13, 1991; Public Law 102–552, October 28, 1992; Public Law 103–376, October 19, 1994; Public Law 104–105, February 10, 1996; Public Law 104–316, October 19, 1996; Public Law 107–171, May 13, 2002. The law is codified at 12 U.S.C. 2000, et seq. (a) Background. The Farm Credit Administration is an independent, non-appropriated fund agency in the executive branch of the Federal Government. The FCA Board and employees carry out the FCA's functions, powers, and duties. (b) Locations. FCA's headquarters address is 1501 Farm Credit Drive, McLean, Virginia 22102–5090. The FCA has the following field offices:
1501 Farm Credit Drive, McLean, VA 22102–5090. 2051 Killebrew Drive, Suite 610, Bloomington, Minnesota 55425–1899. 511 East Carpenter Freeway, Suite 650, Irving, TX 75062–3930. 3131 South Vaughn Way, Suite 250, Aurora, CO 80014–3507. 2180 Harvard Street, Suite 300, Sacramento, California 95815–3323. (a) FCA Board. The President appoints the three full-time Board members with the advice and consent of the Senate. The Board manages, administers, and establishes policies for FCA. The Board promulgates the rules and regulations implementing the Farm Credit Act of 1971, as amended, and provides for the examination of Farm Credit System institutions. (b) Chairman of the FCA Board. The Chairman of the Board is FCA's Chief Executive Officer. The Chairman directs the implementation of the policies and regulations adopted by the Board and, after consulting the Board, the execution of the administrative functions and duties of FCA. In carrying out the Board's policies, the Chairman acts as the spokesperson for the Board and represents the Board and FCA in their official relations within the Federal Government. (a) Offices and functions. The primary offices of the FCA are: (1) Office of Congressional and Public Affairs. The Office of Congressional and Public Affairs performs Congressional liaison duties and coordinates and disseminates Agency communications. (2) Office of Examination. The Office of Examination evaluates the safety and soundness of FCS institutions and their compliance with law and regulations and manages FCA's enforcement and supervision functions. (3) Office of General Counsel. The Office of General Counsel provides legal advice and services to the FCA Chairman, the FCA Board, and Agency staff. (4) Office of Inspector General. The Office of Inspector General conducts independent audits, inspections, and investigations of Agency programs and operations and reviews proposed legislation and regulations. (5) Office of Regulatory Policy. The Office of Regulatory Policy develops policies and regulations for the FCA Board's consideration; evaluates regulatory and statutory prior approvals; manages the Agency's chartering activities; and analyzes policy and strategic risks to the System. (6) Office of Management Services. The Office of Management Services provides financial management services. It administers the Agency's information resources management program; human resources management program; and contracts, procurement, mail services, and payroll. (7) Office of Secondary Market Oversight. The Office of Secondary Market Oversight regulates and examines the Federal Agricultural Mortgage Corporation for safety and soundness and compliance with law and regulations. (8) Secretary to the Board. The Secretary to the Board serves as the parliamentarian for the Board and keeps permanent and complete records and minutes of the acts and proceedings of the Board. (b) Additional Information. You may obtain more information on the FCA's organization by visiting our Web site at http://www.fca.gov. You may also contact the Office of Congressional and Public Affairs: (1) In writing at FCA, 1501 Farm Credit Drive, McLean, Virginia 22102–5090; (2) By e-mail at [email protected]; or (3) By telephone at (703) 883–4056. (a) Except as otherwise provided in the Farm Credit Administration regulations, the Federal Rules of Civil Procedure or by order of a court with jurisdiction over the Farm Credit Administration, any legal process upon the Farm Credit Administration shall be duly issued and served upon the Secretary to the Farm Credit Administration Board, 1501 Farm Credit Drive, McLean, Virginia 22102–5090. (b) Service of process upon the Secretary to the Farm Credit Administration Board may be effected by personally delivering a copy of the documents to the Secretary or by sending a copy of the documents to the Secretary by registered or certified mail. (c) The Secretary shall promptly forward a copy of all documents to the General Counsel and to any Farm Credit Administration personnel named in the caption of the documents. [54 FR 50736, Dec. 11, 1989, as amended at 59 FR 21642, Apr. 26, 1994]
Title 12: Banks and Banking
PART 600—ORGANIZATION AND FUNCTIONS
Section Contents
§ 600.1 The Farm Credit Act.
§ 600.2 Farm Credit Administration.
§ 600.3 Farm Credit Administration Board.
§ 600.4 Organization of the Farm Credit Administration.
§ 600.10 Service of Process.
Subpart A—Farm Credit Administration
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§ 600.1 The Farm Credit Act.
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§ 600.2 Farm Credit Administration.
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§ 600.3 Farm Credit Administration Board.
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§ 600.4 Organization of the Farm Credit Administration.
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Subpart B—Rules and Procedures for Service Upon the Farm Credit Administration
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§ 600.10 Service of Process.
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