U.S AgBank, FCB Governance

Board of Directors.  U.S. AgBank, FCB (AgBank) is governed by a 16-member Board of Directors, 14 of whom are elected by the stockholders and two directors who are appointed by the elected directors.  For more detailed information on each member of the Board of Directors, please click here.

Executive Committee.  Information on AgBank’s Executive Committee members can be viewed by clicking here. 

Audit Committee.  The Audit Committee is composed of eight members of the Board of Directors, with the Chairman serving as an ex-officio member.  A list of the current members of the Audit Committee can be accessed by clicking here. The Audit Committee Charter, which establishes specific responsibilities and authorities for the Audit Committee, can be accessed by clicking here.

Compensation Committee.  The Compensation Committee is composed of seven members of the Board of Directors, with the Chairman serving as an ex-officio member.  A list of the current members of the Compensation Committee can be accessed by clicking here. The Compensation Committee Charter, which establishes specific responsibilities and authorities for the Compensation Committee, can be accessed by clicking here.

Risk Management Committee. The Risk Management Committee is composed of all members of the Board of Directors. The Charter, which establishes specific responsibilities and authorities for the Risk Management Committee, can be accessed by clicking here.

Codes of Ethics.  All directors and employees of AgBank are responsible for maintaining the highest standards in conducting business.  In that regard, Codes of Ethics have been established for the Board of Directors and for the Chief Executive Officer, Chief Financial Officer, Chief Credit Officer, and other senior financial professionals who are involved directly, or indirectly, with the preparation of AgBank’s financial statements and the maintenance of financial records supporting the financial statements.  These Codes of Ethics supplement AgBank’s Standards of Conduct Policies for directors and employees.  For more information on the Code of Ethics for the Board of Directors, click here.   For more information on the Code of Ethics for the Chief Executive Officer and senior financial professionals, click here.

Whistleblower Program.  The Audit Committee of U.S. AgBank, FCB has established a Whistleblower Program to receive and handle reports related to accounting practices, report accuracy, internal controls, auditing matters, and misconduct or fraud. It provides for the confidential, anonymous reporting of concerns. Reports can be filed online at www.ethicspoint.com or by phone at 1-866-384-4277.

Director Independence Criteria.  Information on AgBank Director Independence Criteria can be viewed by clicking here.

Farm Credit System Regulators and Related Entities

The Farm Credit System is regulated by the Farm Credit Administration (FCA), an independent agency in the executive branch of the United States Government.  It is responsible for the regulation of Farm Credit Banks, Farm Credit Associations, and related entities that collectively comprise the Farm Credit System.  The FCA derives its powers and authorities from the Farm Credit Act of 1971, as amended.  Its mission is to promote a safe and sound competitive Farm Credit System.  For more information on the FCA, click here.

The Federal Farm Credit Banks Funding Corporation (Funding Corporation) manages the sale of Farm Credit System securities in the capital markets. These securities are the primary source of loan funds for the Farm Credit System.  For more information on the Funding Corporation, click here.

The Farm Credit System Insurance Corporation (FCSIC) is an independent corporation controlled by the United States Government. It is not under the control of any Farm Credit System institution. The primary purpose of FCSIC is to ensure the timely payment of principal and interest to investors in Farm Credit System securities. For more information on FCSIC, click here.

The Farm Credit Council is a trade association which represents the Farm Credit System’s interests on legislative and regulatory matters. For more information on the Farm Credit Council, click here.