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1916 - On July 17, Congress passed the Farm Credit Act, establishing 12 Federal Land Bank Districts to serve the United States. The banks were capitalized by a $9 million government investment. Texas, because of its unique homestead laws, was designated as the only state to be served by the Tenth Farm Credit District.

1917 - The first Farm Credit loan in Texas was made on May 22, 1917, to W.S. and Mary Smith in Grayson County by a National Farm Loan Association, later known as a Federal Land Bank Association (FLBA).

1923 - The Agricultural Credit Act was signed into law, establishing 12 Federal Intermediate Credit Banks. A Fiscal Agent (now the Federal Farm Credit Banks Funding Corporation located in the New York area) was established in Washington, D.C., to manage the sale of Farm Credit bonds.

1928 - The Federal Land Bank of Houston paid off the $735,285 government capital investment made when the bank's charter was issued. This was 19 years before other Federal Land Banks would finish this process.

1933 - The Farm Credit Act of 1933 authorized Production Credit Associations (PCAs) and Production Credit Corporations (PCCs). The Production Credit Corporation of Houston (which later merged into the Federal Intermediate Credit Bank of Houston) was chartered. On December 9, a group of 53 farmers and ranchers met at the courthouse in Tyler, Texas, to organize the state's first Production Credit Association. The PCA made its first loan, for $80, soon thereafter. The Farm Credit Administration (FCA) was created by an executive order from President Roosevelt to oversee all federally regulated agricultural credit cooperatives.

1947 - A Texas PCA was the first to repay capital invested by the federal government for the establishment of PCAs. By December 31, 1949, the last association had repaid its debt, making Texas the first district to completely pay back the government capital invested in PCAs.

1940s/ 1950s - During this major period of consolidations and mergers, the number of Federal Land Bank Associations in Texas was reduced from 295 to 73.

1971 - The Farm Credit Act updated the System's charter and significantly expanded the range of services Farm Credit institutions could offer to include leasing services, rural home mortgages and international and rural utility lending.

1979 - On Sept. 26, the Federal Land Bank of Houston became the Federal Land Bank of Texas. With the Federal Intermediate Credit Bank of Texas and Texas Bank for Cooperatives, it became part of the Farm Credit Banks of Texas.

1982 - The Farm Credit Banks of Texas relocated their headquarters from Houston to Austin, and in 1985 moved into a new office building.

1988 - On July 6, the Federal Land Bank of Texas and Federal Intermediate Credit Bank of Texas merged to officially form the Farm Credit Bank of Texas. The Texas Bank for Cooperatives became part of the National Bank for Cooperatives (CoBank).

1988-89 - The Farm Credit Administration extended the Tenth District's charter to include Alabama, Louisiana and Mississippi. Six new FLBAs were chartered in the former Jackson district; they officially began operations on Jan. 1, 1990.

1990-91 - Three New Mexico PCAs transferred affiliation to the Tenth District.

1992 - FLBAs celebrated their 75th anniversary.

1993 - PCAs celebrated their 60th anniversary. Northwest Louisiana PCA transferred affiliation to the Tenth District.

1998 - Bank stockholders approved the transfer of direct mortgage lending authority from the bank to the FLBAs in the Tenth District.

2000 - By Oct. 1, all FLBAs had become direct lenders known as Federal Land Credit Associations (FLCAs).

2001 - On Jan. 1, 10 associations in Texas became the district's first Agricultural Credit Associations (ACAs). Having PCA and FLCA operating units, they were granted authority to make both long- and short-term loans.

2002 - Northwest Louisiana PCA, the last remaining stand-alone PCA in the Tenth District, converted to an ACA.

2003 - In November, the Farm Credit Bank of Texas issued $100 million of perpetual preferred stock. This was the bank's first-ever preferred stock offering. Also in 2003, the bank established a Capital Markets Group to develop and service a portfolio of large participation loans with other lending institutions.

2004 - The Farm Credit Bank of Texas relocated to west Austin in May, after selling its headquarters building in northeast Austin.

2005 - In September, the Farm Credit Bank of Texas issued an additional $100 million of perpetual preferred stock on the same terms as the November 2003 issuance, bringing the aggregate amount to $200 million.