U.S. AgBank
U.S AgBank, FCB - A Part Of The Farm Credit System
U.S. AgBank, FCB, located at 245 N. Waco in Wichita, Kansas, is a part of the Nationwide Farm Credit System. The U.S. AgBank District is comprised of Arizona, California, Colorado, Hawaii, Kansas, Nevada, New Mexico, Oklahoma, Utah, southeastern Idaho, and the far western edge of Wyoming. U.S. AgBank, FCB, provides loan funds to Agricultural Credit Associations (ACAs), Federal Land Credit Associations (FLCAs), and Other Financing Institutions located in these eleven states. The Associations, in turn, offer a wide range of loan products and financial services to their customers.
Established by Congress in 1916, the Farm Credit System is one of the nation's oldest financial institutions created to provide a dependable source of financing and financial services for agricultural land, crop and livestock production, rural homes and agricultural cooperatives.
The Farm Credit System is a Government Sponsored Enterprise (GSE) created by Congress. GSEs are privately owned corporations that help America ensure that critical segments of the economy have adequate sources of credit and services. Farm Credit's charter is to serve agriculture and rural America.
Farm Credit Securities are sold to investors in the form of System-wide bonds and notes and are joint and several obligations of all System Banks. Investors in these financial instruments include commercial banks, thrifts, governments, investment funds and private individuals.
Through the sale of these securities, U.S. AgBank and the other System Wholesale Banks obtain funding through the national money markets. The funds are then distributed through a nationwide network of local retail Farm Credit Associations to farmers, ranchers, agribusinesses, rural homeowners and agricultural cooperatives.
|
