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Farm Credit Regulator Ends Rural Community Investments Program Pilot

Posted on 11/15/2013

The board of the Farm Credit Administration yesterday voted to withdraw its proposed rule allowing Farm Credit System lenders to make a variety of investments in communities with up to 50,000 residents.

The pilot program allowed FCS institutions to stretch the concept of what constitutes an investment so they can extend credit in areas where they do not have the authority to make loans. The proposal would have permitted FCS institutions to hold debt and equity investments in transportation infrastructure, community facilities, disaster recovery activities and business investment companies.

To read more visit: http://www.fca.gov/newsr.nsf/3bdc52bd362f2faa85257ad300665669/d5846f00fc7bc63585257c230077b979?OpenDocument




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