World Library  


Farmer Mac Some Progress Made, But Greater Attention to Risk Management, Mission, And Corporate Governance Is Needed

By General Accounting Office

Description
Government Accountability Integrity Reliability Office Collection

Excerpt
Excerpt: Farmer Mac?s income has increased since 1999, and its capital continues to exceed required levels. At the same time, we identified trends that indicated a more complex risk profile. For example, its off-balance sheet standby agreements have grown 350 percent in 3 years and comprise nearly 50 percent of Farmer Mac?s total loans. To date, the underlying loans have been performing better than the on-balance sheet loans. However, if rapid growth in standby agreements continues, and Farmer Mac were to undergo stressful economic conditions, it could face substantial funding liquidity risk. Farmer Mac has risk management systems in place, but certain aspects of its risk management capacity have not kept pace with its increasingly complex portfolio. For example, the loans used in the loss estimation model have characteristics that differ from Farmer Mac?s portfolio both with respect to geographic distribution and interest rate terms. In addition, although Farmer Mac has maintained sufficient liquidity to support its loan purchase and guarantee activity, it has lacked a formal contingency plan to address potential liquidity needs under stressful agricultural economic conditions.

Click here to view

Book Id: WPLBN0000088639
Format Type: PDF eBook
File Size: 1.70 MB
Reproduction Date: 2005
Full Text


Title: Farmer Mac Some Progress Made, But Greater Attention to Risk Management, Mission, And Corporate Governance Is Needed  
Author: General Accounting Office
Volume:
Language: English
Subject: Government publications, Accountability in government, United States. General Accounting Office
Collection: Government Accountability Integrity Reliability Office Collection
Subcollection:
Historic
Publication Date:
Publisher: United States General Accounting Office (GAO)
QR link for Farmer Mac Some Progress Made, But Greater Attention to Risk Management, Mission, And Corporate Governance Is Needed
Add to Book Shelf
Flag as Inappropriate
Email this Book
 

Click To View

Other Books I Looked at: Click to view all Books in my History


  • Farmer Mac Some Progress Made, But Great... (by )
    Book Rating (132)
Scroll Left
Scroll Right

Click To View

People also read these books: Click to view all Additional Books


  • Automated Commercial Environment Progres... (by )
    Book Rating (132)
  • August 2003 Clean Air Act Epa Should Use... (by )
    Book Rating (200)
  • Auditing and Investigating the Internal ... (by )
    Book Rating (132)
  • Audit Guide Auditing and Investigating t... (by )
    Book Rating (118)
  • Assisted Living Examples of State Effort... (by )
    Book Rating (200)
  • Assisted Living Examples of State Effort... (by )
    Book Rating (175)
  • Assessments of Selected Major Weapon Pro... (by )
    Book Rating (155)
  • Assessment of Various Aspects of This Na... (by )
    Book Rating (200)
  • Assessment of the Fiscal Year 2006 Budge... (by )
    Book Rating (132)
  • Assessment of Public Law 106-303 the Rol... (by )
    Book Rating (175)
  • Assessment of Irs 2000 Tax Filing Season (by )
    Book Rating (200)
  • September 11 More Effective Collaboratio... (by )
    Book Rating (155)
Scroll Left
Scroll Right

Click To View

Other Books by Same Author: Click to view all books by General Accounting Office


  • Section 3 : Where Do We Go from Here (by )
    Book Rating (118)
  • Section 500 Reporting Phase (by )
    Book Rating (132)
  • Secure Flight Development and Testing un... (by )
    Book Rating (200)
  • Secure Retirement for Older Americans (by )
    Book Rating (155)
  • Securing U.S. Nuclear Materials Doe Need... (by )
    Book Rating (118)
  • Securities and Exchange Commission Actio... (by )
    Book Rating (22)
  • Securities and Exchange Commission Human... (by )
    Book Rating (2)
  • Securities and Exchange Commission Needs... (by )
    Book Rating (132)
  • Securities and Exchange Commission Preli... (by )
    Book Rating (200)
  • Securities and Exchange Commissions Fina... (by )
    Book Rating (132)
Scroll Left
Scroll Right

Click To View

Other Books with Same Subject: Click to view all books in Government publications, Accountability in government, United States. General Accounting Office


  • Section 3 : Where Do We Go from Here (by )
    Book Rating (118)
  • Section 500 Reporting Phase (by )
    Book Rating (132)
  • Secure Flight Development and Testing un... (by )
    Book Rating (200)
  • Secure Retirement for Older Americans (by )
    Book Rating (155)
  • Securing U.S. Nuclear Materials Doe Need... (by )
    Book Rating (118)
  • Securities and Exchange Commission Actio... (by )
    Book Rating (22)
  • Securities and Exchange Commission Human... (by )
    Book Rating (2)
  • Securities and Exchange Commission Needs... (by )
    Book Rating (132)
  • Securities and Exchange Commission Preli... (by )
    Book Rating (200)
  • Securities and Exchange Commissions Fina... (by )
    Book Rating (132)
Scroll Left
Scroll Right

 

Desktop View       Kiosk View

Copyright © World Public Library. All rights reserved. eBooks from World eBook Fair are sponsored by the World Public Library Association,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.