Farm Credit System Quiz

What is the purpose of US Ag Bank?

• To insure the timely payment of principal and interest on consolidated or Systemwide debt securities

• To deliver long- and short-term loans to agricultural producers

• To administer financial assistance to stressed System institutions

• To provide equipment leasing and related services to eligible borrowers

What is the successor entity resulting from the merger of a Federal Land Bank Association and a Production Credit Association?

• US Ag Bank

• Agricultural Credit Association

• Agricultural Credit Bank

• Farm Credit Leasing

What is the definition of a Bank for Cooperatives?

• The national trade association of the Farm Credit System

• A unit of measurement used to describe interest rates

• The independent government regulator of the privately owned Farm Credit System

• An institution which provides lending and other financial services to farmer-owned cooperatives, rural utility (electric and telephone) and rural sewer/water systems

When was CoBank formed?

• 1996

• 1987

• 2003

• 1989

What is the purpose of the Farm Credit Act?

• To administer financial assistance to stressed System institutions

• To insure the timely payment of principal and interest on consolidated or Systemwide debt securities

• To provide guarantees for the timely repayment of principle and interest on securities backed by pools of agricultural real estate or rural home loans

• To deliver long- and short-term loans to agricultural producers

Where is the Farm Credit Administration headquartered?

• Wichita, Kansas

• Sacramento, California

• McLean, Virginia

• Denver, Colorado

What is the purpose of the Farm Credit System Insurance Corporation?

• To administer financial assistance to stressed System institutions

• To deliver long- and short-term loans to agricultural producers

• To provide equipment leasing and related services to eligible borrowers

• To insure the timely payment of principal and interest on consolidated or Systemwide debt securities

What is the purpose of the Federal Agricultural Mortgage Corporation?

• To administer financial assistance to stressed System institutions

• To insure the timely payment of principal and interest on consolidated or Systemwide debt securities

• To provide guarantees for the timely repayment of principle and interest on securities backed by pools of agricultural real estate or rural home loans

• To deliver long- and short-term loans to agricultural producers

When were Federal Land Banks established?

• 1987

• 1917

• 1996

• 1971

What is the purpose of a Federal Land Bank Association?

• To deliver long- and short-term loans to agricultural producers

• To serve as a lending agent for a Farm Credit Bank

• To provide equipment leasing and related services to eligible borrowers

• To insure the timely payment of principal and interest on consolidated or Systemwide debt securities