12 C.F.R. § 600.3

Farm Credit Administration Board

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(a) FCA Board. The President appoints the three full-time Board members with the advice and consent of the Senate. The Board manages, administers, and establishes policies for FCA. The Board promulgates the rules and regulations implementing the Farm Credit Act of 1971, as amended, and provides for the examination of Farm Credit System institutions.

(b) Chairman of the FCA Board. The Chairman of the Board is FCA's Chief Executive Officer. The Chairman directs the implementation of the policies and regulations adopted by the Board and, after consulting the Board, the execution of the administrative functions and duties of FCA. In carrying out the Board's policies, the Chairman acts as the spokesperson for the Board and represents the Board and FCA in their official relations within the Federal Government.

Notes of Decisions
Cited in 2 cases, 1984–1990 · leading case: Fed. Farm Credit Banks Funding Corp. v. Farm Credit Admin., 731 F. Supp. 217 (E.D. Va. 1990).
Fed. Farm Credit Banks Funding Corp. v. Farm Credit Admin., 731 F. Supp. 217 (E.D. Va. 1990). · cites it 2× “12 C.F.R. § 600.3 (b) (1989). FCA’s internal operating procedures in effect during the relevant period precluded any delegation of authority to FCA staff to establish general policy and promulgate rules and regulations.”
Coleman v. Fed. Intermediate Credit Bank, 600 F. Supp. 97 (D. Or. 1984). “§ 2244 (1980); see also 12 C.F.R. § 600.3 . The enumerated powers of the FCA include the power to: (11) Regulate the borrowing, repayment, and transfer of funds and equities between institutions of the System.”
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