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FCA Institution Number:	925000
Abbreviated Name:	CoBank, ACB
Status:	Active
Phone:	303-740-4000
RSSD Number:	1019988
CEO:	Mr. Thomas E. Halverson
Chairman of the Board:	Mr. Kevin Still

Addresses

Address:	6340 S. Fiddler's Green Circle Greenwood Village, CO 80111
County:	Arapahoe
Web URL:	http://www.cobank.com

Charter Information

Official Name:	CoBank, ACB
Charter Date:	1/1/1995
Charter Number:	19

Map and Territory Description

The Farm Credit Administration, in accordance with Sections 5.17(a), 7.0 and 7.2 of the Farm Credit Act of 1971, as amended (Act), hereby amends and restates the charter for CoBank, ACB (Bank), which is an agricultural credit bank formed under Section 7.0 of the Act through the consolidation of a Farm Credit Bank and a Bank for Cooperatives. Pursuant and subject to Section 7.2 of the Act, this charter confers on, and grants to, the Bank the legal standing of both a Farm Credit Bank and a Bank for Cooperatives. The Bank shall possess all of the powers granted to, and shall be subject to all of the obligations imposed on, a Farm Credit Bank and a Bank for Cooperatives.

The principal office location of the Bank shall be in the city of Greenwood Village, county of Arapahoe, state of Colorado. The Bank is a Farm Credit institution and a federally chartered instrumentality.

Farm Credit Bank Powers

The Farm Credit Administration, in accordance with Sections 5.17(a), 7.0 and 7.2 of the Act, hereby charters the Bank to operate with all powers, authorities and obligations of a Farm Credit Bank under Title I of the Act (12 U.S.C. 2011—2023) and the regulations thereunder in the following territory (Title I Authorities):
The states of Alaska, Arizona, California, Colorado, Connecticut, Hawaii, Idaho, Kansas, Maine, Massachusetts, Montana, Nevada, New Hampshire, New Jersey, New Mexico, New York, Oklahoma, Oregon, Rhode Island, Utah, Vermont, Washington; in the state of North Dakota, that part of McKenzie County lying between the Yellowstone River and the Montana-North Dakota state line and that part of Williams County lying south of Federal Highway No. 2 and west of Federal Highway No. 85, and westerly and northerly of the north bank of the Missouri River (known as the Buford-Trenton Irrigation Project); and in the state of Wyoming, the counties of Teton, Uinta, and Lincoln.

Bank for Cooperatives Powers

The Farm Credit Administration, in accordance with Sections 5.17(a), 7.0 and 7.2 of the Act, hereby charters the Bank to operate with all powers, authorities and obligations of a Bank for Cooperatives under Title III of the Act (12 U.S.C. 2121—2149a) and the regulations thereunder in such territory as it is authorized to serve pursuant to Section 413 of the Agricultural Credit Act of 1987, as amended.

Consolidation and Reconciliation of Powers and Obligations

Pursuant to Section 7.2 of the Act, the powers and obligations of a Farm Credit Bank and a Bank for Cooperatives shall be consolidated and reconciled in the Bank in the manner provided in this charter and regulations promulgated under the Act.
Sections 1.3 through 1.14 of the Act shall apply to the Bank in the manner provided for in Farm Credit Administration regulations. Section 1.15 of the Act shall apply to the Bank for its Farm Credit Bank operations as if it were a Farm Credit Bank formed under Section 1.3(a) of the Act and, as such, the Bank and the capital, reserves, and surplus attributable to, and the income derived from, its Farm Credit Bank operations shall be exempt from Federal, State, municipal, and local taxation, except taxes on real estate held by the Bank to the same extent, according to its value, as other similar property held by other persons is taxed. The Bank shall separately account for the assets, liabilities, capital, reserves and surplus of, and the income derived from, the business conducted pursuant to its Title I authorities, recognizing that such business is exempt from taxation as provided in Section 1.15 of the Act.

Sections 3.1 through 3.12 of the Act shall apply to the Bank in the manner provided for in Farm Credit Administration regulations. Section 3.13 of the Act shall apply to the Bank for its Bank for Cooperatives operations and, as such, its capital, reserves, and surplus attributable to, and the income derived from, its Bank for Cooperatives operations is subject to taxation except as provided therein. The Bank shall separately account for the assets, liabilities, capital, reserves and surplus of, and the income derived from, the business conducted pursuant to its Title III authorities, recognizing that such business is subject to taxation except as provided in Section 3.13 of the Act.

Comment

Effective 1/1/95, The National Bank for Cooperatives, The Spring- Field Bank for Cooperatives, and The Farm Credit Bank of Springfield consolidate pursuant to Sections 5.17(A) And 7.0 Of the Act. The new bank's name will be CoBank, ACB.

Effective July 1, 1999, the St. Paul Bank for Cooperatives merged into CoBank, ACB, the continuing Bank.

Northwest Farm Credit Services, an Agricultural Credit Association (Northwest ACA) and its PCA and FLCA subsidiaries changed their affiliation from AgAmerica, FCB, to CoBank, ACB (CoBank), effective 1/1/03. CoBank's charter, for its Title I authorities, was amended to include the territory served by Northwest ACA, which is the states of Alaska, Idaho, Montana, Oregon, and Washington, and portions of northern California and western North Dakota. CoBank has a national charter for its Title III authorities. CoBank was assigned a new district code (23).

On 6/18/2007, FCA approved an amended and restated charter for CoBank, ACB, which reconciles CoBank’s statutory powers and obligations under Titles I and III of the Farm Credit Act of 1971, as amended. The amended and restated charter granted no new authorities to CoBank. The amended and restated charter is effective January 1, 2007.

On December 12, 2011, the FCA issued a charter for CoBank, FCB, a wholly-owned subsidiary of CoBank, ACB. The FCA chartered CoBank, FCB, to operate within the existing Title I territory of CoBank, ACB, with all powers, authorities and obligations of a Farm Credit Bank under Title I of the Act (12 U.S.C. 2011—2023) and the regulations thereunder. At the same time, the FCA amended the charter of CoBank, ACB, to impose Conditions of Approval on the new parent and subsidiary structure. CoBank, ACB, and its wholly-owned subsidiary, CoBank, FCB, are now subject to those Conditions. The Conditions implement the FCA’s decision to treat CoBank, ACB, and CoBank, FCB, as one entity for most regulatory purposes.

On January 1, 2012, U.S. AgBank, FCB, merged with and into CoBank, FCB, with CoBank, FCB, as the continuing Farm Credit Bank. On that date, the territory of CoBank, FCB, and the Farm Credit Bank Powers of CoBank, ACB, were expanded to include the territory of the former U.S. AgBank, FCB. CoBank was assigned a new district code (25).