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Excerpt from Annual Report, 1992 The Farm Credit Administration (eca) is an independent agency in the executive branch of the us. Government. The eca is responsible for the regulation and examination of the banks, associations, and related entities that collectively comprise what_is known as the Farm Credit System (fcs). Initially created by an Executive order of the President in 1933, the agency now derives its powers and authorities from the Farm Credit Act of 1971, as amended (act). The eca promulgates regulations to implement the Act and examines pcs institutions for compliance with applicable statutes, regulations, and safe and sound banking practices. If an institution is found to be in violation of the statute or regulations or is operating in an unsafe or unsound manner, the agency has several enforce ment options at its disposal to bring about corrective action. The management of the agency is vested in a full-time, three-person board whose members are appointed by the President with the advice and consent of the us. Senate. The President designates one of the members as chairman of the board. The chairman also serves as the agency's chief executive officer (ceo). The eca also employs a chief operating officer (coo) who guides its day-to-day operations. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.