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| Highlights: The
Bank at a Glance |
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What
We Do
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- Provide
funds to 20 rural financing cooperatives that own the Farm Credit
Bank of Texas and to four Other Financing Institutions. These
lenders in turn provide financing to agricultural producers, rural
homeowners and landowners, and agribusiness firms.
- Invest in
rural America by extending capital and liquidity to large food
and agribusiness firms, rural utilities and rural telecommunications
companies through participation and syndication transactions in
the capital markets.
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Funding
Source
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| Our funds come
primarily from the sale of Farm Credit System securities to investors
in the national and international money markets. |
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History
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Established
by Congress in 1916 to be a reliable, competitive source of funds
for farmers, ranchers and aquatic producers.
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Structure
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- Cooperatively
owned by 20 rural financing cooperatives in Alabama, Louisiana,
Mississippi, New Mexico and Texas.
- Part of
the $186.5 billion Farm Credit System, a nationwide network of rural
lending institutions.
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Governance
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- Regulated
by the Farm
Credit Administration.
- Governed
by a seven-member board of directors. Five
of these are elected by the borrower-stockholders of the 20 cooperatives
that own the bank; two members are appointed by the elected
board members.
Total
Assets
$13.5 billion at December 31, 2007
Total
Loan Volume
$10.9 billion at December 31, 2007
Headquarters
Austin, Texas
Leadership
Ralph W. Cortese, Board Chairman
Larry R. Doyle, Chief Executive Officer
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