Farm Credit Administration:

Safety and Soundness Oversight of the Farm Credit System

GAO-02-324R, Feb 28, 2002

Contact:

Davi M. Dagostino
(202) 512-5431
contact@gao.gov

 

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

This report reviews the Farm Credit Administration's (FCA) oversight of the safety and soundness of the Farm Credit System (FCS). GAO found that FCA's oversight and supervision appeared to be timely, comprehensive, and effective. FCA required FCS institutions to take appropriate and timely corrective actions to address any identified weaknesses and closely monitored the institutions' compliance. FCA had special supervisory and enforcement procedures in place and used them when it found more serious weaknesses at FCS institutions. In addition, off-site monitoring efforts included timely analyses of relevant qualitative and quantitative information that allowed FCA to identify, monitor, evaluate, and proactively address risks faced by FCS institutions. FCA follows processes designed to ensure the quality and reliability of its safety and soundness examination process through periodic quality assurance reviews and the Inspector General's audits and inspection reports.

Jun 13, 2013

May 7, 2013

Mar 20, 2013

Jan 3, 2013

Dec 18, 2012

Sep 18, 2012

Sep 13, 2012

Jul 19, 2012

Looking for more? Browse all our products here