July 23, 2014 2:59 AM ET

Diversified Financial Services

Company Overview of Federal Farm Credit Banks Funding Corporation

Company Overview

Federal Farm Credit Banks Funding Corporation engages in issuing, marketing, and handling the Farm Credit System’s debt securities. It offers discount notes, designated bonds, floating rate bonds, fixed rate bonds, and retail bonds. The company also manages the System’s investor relations program, meeting with current and potential investors to educate them on the System’s mission, current financials, debt issuance patterns, and overall agricultural and credit market conditions. In addition, it is responsible for establishing, subject to Farm Credit Administration approval, the amounts, maturities, rates of interest, terms, and conditions of participation by the System Banks in each issue of...

10 Exchange Place

Suite 1401

Jersey City, NJ 07302

United States

Founded in 1916

Phone:

201-200-8131

Fax:

201-200-8109

Key Executives for Federal Farm Credit Banks Funding Corporation

Chief Executive Officer
Age: 52
Managing Director of Finance
Senior Vice President and General Counsel
Managing Director of Financial Management Division
Managing Director of Administration
Compensation as of Fiscal Year 2014.

Federal Farm Credit Banks Funding Corporation Key Developments

Federal Farm Credit Banks Funding Corporation Announces Unaudited Combined Earnings Results for the Second Quarter and Six Months Ended June 30, 2012

Federal Farm Credit Banks Funding Corporation announced unaudited combined earnings results for the second quarter and six months ended June 30, 2012. For the quarter, interest income was USD 2,128 million against USD 2,233 million for the same period a year ago. Net interest income was USD 1,600 million against USD 1,563 million for the same period a year ago. This resulted from increased average earning assets and a higher net interest margin. Income before income taxes was USD 1,153 million against USD 1,048 million for the same period a year ago. Net income was USD 1,067 million against USD 982 million for the same period a year ago. This increase resulted primarily from decreases in the provision for loan losses of USD 91 million. For the six months, interest income was USD 4,264 million against USD 4,491 million for the same period a year ago. Net interest income was USD 3,181 million against USD 3,132 million for the same period a year ago. This increase primarily resulted from a higher net interest margin. Income before income taxes was USD 2,273 million against USD 2,122 million for the same period a year ago. Net income was USD 2,119 million against USD 1,986 million for the same period a year ago. This increase resulted primarily from decreases in the provision for loan losses of USD 167 million.

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