The Farm Credit System was on the hot seat during a long-due oversight hearing.
Browsing: Ag Banking
A group of senators and representatives today issued a reconciled version of a long-term highway funding bill that includes a modified but still substantial cut to the dividends paid on the Federal Reserve Bank stock that national banks and other Fed member banks are required to hold.
After long and patient advocacy by ABA and the state bankers associations, the House Agriculture Committee will hold an oversight hearing on the Farm Credit Administration on Wednesday.
The House Agriculture Committee is scheduled to hold a hearing on the Farm Credit Administration (FCA). The proposed hearing date is Wednesday, Dec. 2. The purpose of the hearing will be to examine the performance of the FCA as the FCS’s regulator.
In a joint letter today, ABA and several farming industry groups urged the Senate to repeal a provision in the recent budget bill that would hinder the private-sector delivery of crop insurance.
ABA member Roger Porch, VP at First National Bank in Philip, S.D., testified before the Senate Banking Committee yesterday on challenges facing rural banks.
The Senate is scheduled to vote this week on the Cybersecurity Information Sharing Act (S.754), an ABA-supported bill that would strengthen the ability of the public and private sectors to share critical cyber threat information without compromising customer privacy.
ABA today announced that John Blanchfield, who was SVP for agricultural and rural banking at ABA for 25 years before retiring in January, will be honored with the first annual Blanchfield Award.
These increases are powerful evidence of the FCS’s increased emphasis on providing taxpayer-subsidized credit to large corporate borrowers.
Terry Barta, vice president for ag lending at the Peoples Bank in Smith Center, Kan., has been named the winner of the 2015 Bruning Award for lifetime achievement in agricultural banking, ABA announced today. Barta will receive the award at the ABA National Agricultural Bankers Conference in Kansas City, Mo., on Oct. 27.