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Bank Highlights: At a Glance

What We Do

  • Provide funds to 14 rural financing cooperatives that own the Farm Credit Bank of Texas and to two 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.

Funding Source

Our funds come primarily from the sale of Farm Credit System securities to investors in the national and international money markets.

History

Established by Congress in 1916 to be a reliable, competitive source of funds for farmers, ranchers, and aquatic producers.

Structure

  • Owned by 14 rural financing cooperatives in Alabama, Louisiana, Mississippi, New Mexico and Texas, and by two Other Financing Institutions.
  • Part of the $320.4 billion Farm Credit System, a nationwide network of rural lending institutions.

Governance

  • 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 14 cooperatives that own the bank; two members are appointed by the elected board members.

Total Assets

$22.1 billion at June 30, 2017

Total Loan Volume

$16.5 billion at June 30, 2017

Headquarters

Austin, Texas

Leadership

James F. "Jimmy" Dodson, Board Chairman
Larry R. Doyle, Chief Executive Officer