Farm Credit Administration's Liquidation of Production Credit Associations
GGD-86-5
Published: Oct 18, 1985. Publicly Released: Oct 18, 1985.
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Highlights
In response to a congressional request, GAO reviewed: (1) the criteria and procedures used to liquidate production credit associations; (2) whether the Farm Credit Administration (FCA) was meeting the credit needs of creditworthy borrowers formerly served by the liquidated associations; and (3) the appropriateness and implications of using funds from an FCA revolving fund to financially assist production credit associations.
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Bank loansBank managementFarm creditFarm credit banksFarm income stabilization programsLoan defaultsProgram managementRevolving fundsReal propertyBorrower indebtedness