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A big victory, but the fat lady hasn't sung yet (October 2001)

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  • Ely, Bert

Abstract

In October 2001, the Board of the Farm Credit Administration (FCA) voted to reject the National Charters proposal that it had been considering for more than a year. If adopted, National Charters would have permitted individual PCS associations to expand their lending activities outside of their chartered territories, which now have very little overlap. More aggressive associations surely would have tried to become nationwide lenders in competition with other FCS associations. This rejection is a stinging defeat for the FCS empire builders and a victory for rural America.

Suggested Citation

  • Ely, Bert, 2002. "A big victory, but the fat lady hasn't sung yet (October 2001)," American Bankers Association, American Bankers Association > Journal of Agricultural Lending, vol. 15(2).
    • Handle: RePEc:ags:abajal:336610
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    File URL: https://ageconsearch.umn.edu/record/336610/files/ers2022-23-0568.pdf
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