farm credit administration

Farm Credit Administration. An independent federal agency that regulates and examines the borrower-owned banks and cooperative associations that make up the federal farm credit system. • The agency was created in 1929 under the title “Federal Farm Board,” became an agency in the Department of Agriculture in 1933, and again became independent in 1971. — Abbr. FCA. See FEDERAL FARM CREDIT SYSTEM . [Cases: United States 53(7). C.J.S. United States §§ 90, 92–93.]
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