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Board Meeting Minutes, November 2014
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Board Meeting Minutes, November 2014
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Board Meeting Minutes
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Jill Long Thompson, Board Chair and Chief Executive Officer
Kenneth A. Spearman, Board Member
Leland A. Strom, Board Member
FARM CREDIT * *
ESTABLISHED
EEGL
MINUTES OF THE REGULAR MEETING
OF THE
FARM CREDIT ADMINISTRATION BOARD
November 13, 2014
These minutes reflect the business transacted at the November 13, 2014, Regular Meeting of the
Farm Credit Administration Board (FCA Board) pursuant to the Government in the Sunshine Act (Act),
5 U.S.C. § 552b, and the regulations of the Farm Credit Administration (FCA) adopted thereunder.
The FCA Board meeting was held at the FCA office in McLean, Virginia, beginning at 9:00 a.m. and
concluding at 9:49 a.m. Members of the Board present were:
Jill Long Thompson, Board Chair and Chief Executive Officer
Kenneth A. Spearman, Member (by telephone)
Leland A. Strom, Member
The above named constitute the full Board.
Others present included Charles Rawls, General Counsel; Dale Aultman, Secretary to the Board; staff
of the FCA and Farm Credit System Insurance Corporation (FCSIC); and one member of the general
public. (A list of staff attendees is attached as Exhibit A.)
The Board Chair acknowledged the occurrence of Veterans Day this week and shared a letter from
Wendy Laguarda's father, who served in World War II, to his fellow troop members. The letter
mentioned past memories serving abroad and a recent Honor Flight visit to the Washington D.C.
area. Also, the Board Chair recognized all FCA veterans, particularly noting Board Member
Spearman's service, and thanked them for their service to our country.
The Secretary read a statement that announced the meeting would be conducted according to the
requirements of the Government in the Sunshine Act.
1
The Board Chair reviewed the published Agenda. (A copy of the Public Announcement publishing the
Agenda for the meeting is attached as Exhibit B.)
Mr. Spearman moved to adopt the Agenda as published.
Mr. Strom seconded the motion.
There being no further discussion, Board Chair Long Thompson called the question.
The Secretary polled the Board Members and the motion carried unanimously.
Mr. Strom noted that the Agenda did include a portion of the meeting that should be closed to the
public as permitted by the Government in the Sunshine Act and therefore moved that the meeting
be closed at that point.
Mr. Spearman seconded the motion.
There being no further discussion, Board Chair Long Thompson called the question.
The Secretary polled the Board Members and the motion carried unanimously.
OPEN SESSION
Approval of Minutes
Minutes for October 9, 2014
(BM-13-NOV-14-01)
Mr. Strom moved to approve the minutes for October 9, 2014, regular Board Meeting.
Mr. Spearman seconded the motion.
There being no further discussion, Board Chair Long Thompson called the question.
The Secretary polled the Board Members and the motion carried unanimously. (BM-13-NOV-14-01)
(A copy of the official "Board Action Item" is attached as Exhibit C.)
Reports
Ethics Update
Wendy Laguarda and Jeff Pienta of the Office of General Counsel presented the Ethics Update.
Board Chair Long Thompson asked if there were any questions or further discussion from the Board.
There were no further questions or discussion.
2
(A copy of the PowerPoint presentation is attached as Exhibit D.)
CLOSED SESSION
Board Chair Long Thompson announced that the next topic on the Agenda was a closed session item
pursuant to previous Board action.
The Board Chair instructed all members of the public to exit.
Board Chair Long Thompson convened the closed session of the meeting at 9:17 a.m. and instructed
the Secretary to activate the electronic recording device so that the proceedings of the closed
session were properly recorded as required by the Government in the Sunshine Act.
The Board Chair then instructed the General Counsel to furnish the Secretary with a certification,
pursuant to 5 U.S.C. $ 552b(f), that the portions of the meeting held in closed session may be
properly closed to the public.
(A copy of the Certification is attached hereto as Exhibit E.)
Members of the Board present were:
Jill Long Thompson, Board Chair and Chief Executive Officer
Kenneth A. Spearman, Member (by telephone)
Leland A. Strom, Member
The above named constitute the full Board.
Others present included Dale Aultman, Secretary to the Board; and Charles Rawls, General Counsel.
(A list of staff attendees is attached as Exhibit A).
Reports
Office of Secondary Market Oversight Quarterly Report
Laurie Rea of the Office of Secondary Market Oversight presented the Office of Secondary Market
Oversight Quarterly Report.
Board Chair Long Thompson asked if there were any questions or further discussion from the Board.
There were no further questions or discussion.
The closed session ended at 9:48 a.m.
3
ADJOURNMENT
There being no further business to come before the Board, Board Chair Long Thompson indicated she
would entertain a motion to adjourn the meeting.
Mr. Spearman moved that the meeting be adjourned.
Mr. Strom seconded the motion.
Board Chair Long Thompson called the question.
The Secretary polled the Board Members and the motion carried unanimously.
The meeting adjourned at 9:49 a.m.
NOTATIONAL VOTE ACTIONS
There were two notational vote actions approved by the FCA Board from October 10, 2014, through
November 12, 2014, as follows:
Item Number
Action Date
Voting Results
Subject
NV 14-22
10/22/14
Approved
Joint Agency Proposed Rule - Flood Insurance
NV 14-21
10/14/14
Approved
Oversight and Examination Plan, Office of Examination, FY
2015
The undersigned hereby certify that the foregoing minutes are the official minutes of the Regular
Meeting of the Farm Credit Administration Board held on November 13, 2014.
/s/
/s/
Jill Long Thompson
Dale L. Aultman
Board Chair and Chief Executive Officer
Secretary to the Board
Approved: December 11, 2014
4
Exhibit A
Page 1 of 2
STAFF PRESENT AT THE
FCA REGULAR BOARD MEETING
November 13, 2014
JILL LONG THOMPSON, Board Chair and Chief Executive Officer
KENNETH A. SPEARMAN, Board Member (by telephone)
LELAND A. STROM, Board Member
OPEN
CLOSED
OFFICE
SESSION
SESSION
Office of the Board
Aultman, Dale
X
X
Smulkstys, Inga
X
X
Corey, Kathryn
X
Russell Middleton
X
X
Johansen, Mark
X
X
Calhoun, Gaye
X
Buccolo, Deborah
X
OCOO
Hoffman, William
X
X
EEOI
Burlew, Thais
X
X
OCPA
Stokke, Mike
X
X
Meaux, Willy
X
X
OSMO
Rea, Laurie
X
X
Connor, Joe
X
X
Hudson, Bruce
X
X
Del Moral, Jeremy
X
X
OGC
Rawls, Charles
X
X
Strickland, Joy
X
X
Pienta, Jeff
X
X
Donner, Mary Alice
X
X
Laguarda, Wendy
X
X
5
Exhibit A
Page 2 of 2
OPEN
CLOSED
OFFICE
SESSION
SESSION
OE
Coleman, Robert
X
X
OIG
Gallo, Kathy
X
X
ORP
Van Meter, Gary
X
X
Mardock, Barry
X
X
OMS
Smith, Stephen
X
X
FCSIC
Rubin, Howard
X
X
Pfitzinger, Rick
X
X
GENERAL PUBLIC
1
6
Exhibit B
Farm Credit Administration
1501 Farm Credit Drive
McLean, Virginia 22102-5090
(703) 883-4000
FCA
FARM CREDIT ADMINISTRATION
PUBLIC ANNOUNCEMENT OF
MEETING SUBJECT TO THE GOVERNMENT IN THE SUNSHINE ACT
Farm Credit Administration Board
Regular Meeting
November 13, 2014
Summary: Notice is hereby given, pursuant to the Government in the Sunshine Act (5 U.S.C. Sec. 552b(e) (1)), of the
forthcoming regular meeting of the Farm Credit Administration Board.
Date and Time: The regular meeting of the Board will be held November 13, 2013. The meeting is scheduled to be held
at the office of the Farm Credit Administration in McLean, Virginia, from 9:00 a.m. until such time as the Board may
conclude its business.
Address: Farm Credit Administration, 1501 Farm Credit Drive, McLean, Virginia 22102-5090. Submit attendance
requests via e-mail to [email protected]. See SUPPLEMENTARY INFORMATION for further information about
attendance requests.
For Further Information Contact: Dale L. Aultman, Secretary to the Farm Credit Administration Board (703) 883-4009.
TTY is (703) 883-4056.
Supplementary Information: Parts of this meeting of the Board will be open to the public (limited space available), and
parts will be closed to the public. Please send an e-mail to [email protected] at least 24 hours before the meeting.
In your e-mail include: name, postal address, entity you are representing (if applicable), and telephone number. You will
receive an e-mail confirmation from us. Please be prepared to show a photo identification when you arrive. If you need
assistance for accessibility reasons, or if you have any questions, contact Dale L. Aultman, Secretary to the Farm Credit
Administration Board, at (703) 883-4009. The matters to be considered at the meeting are:
OPEN SESSION
Approval of Minutes
1
October 9, 2014
Reports
2
Ethics Update
CLOSED SESSION
3
Office of Secondary Market Oversight Quarterly Report 1
November 3, 2014
/s/
Date
Dale L. Aultman
Secretary to the Board
1 Session Closed-Exempt pursuant to 5 U.S.C. Section 552b(c)(8) and (9).
7
Exhibit c
Farm Credit Administration
1501 Farm Credit Drive
McLean, Virginia 22102-5090
(703) 883-4000
BOARD ACTION ITEM
FCA
FARM CREDIT ADMINISTRATION
FCA BOARD ACTION ON
Minutes for October 9, 2014 Board Meeting
BM-13-NOV-14-01
Effective Date:
November 13, 2014
Effect on Previous Action:
None
THE FCA BOARD HEREBY:
Approves the minutes for October 9, 2014, Regular Board Meeting as submitted.
DATED THIS 13th DAY OF NOVEMBER 2014
BY ORDER OF THE BOARD
/s/
Dale L. Aultman
Secretary to the Board
8
Ethics Update Report
Wendy Laguarda, DAEO
Charlie Rawls, ADAEO
Jeff Pienta, DEO
Exhibit D of 11/13/2014
FCA Board Meeting
9
Whose Ethics Program Is It,
Anyway?
It is the Program of the Office of
Government Ethics
2
Ethics: Elevate Yourself to a Higher Standard
12/10/2014
10
Whose Ethics Program Is It,
Anyway?
It is the Program of the FCA Chair and the
FCA Board
3
Ethics: Elevate Yourself to a Higher Standard
12/10/2014
11
Whose Ethics Program Is It,
Anyway?
It is the Program of FCA Officials,
Supervisors and Employees
4
Ethics: Elevate Yourself to a Higher Standard
12/10/2014
12
Whose Ethics Program Is It,
Anyway?
It is the Program of the President and
Congress
5
Ethics: Elevate Yourself to a Higher Standard
12/10/2014
13
Whose Ethics Program Is It,
Anyway?
It is the Program of the U.S. Citizens
6
Ethics: Elevate Yourself to a Higher Standard
12/10/2014
14
Thank you
Questions
7
Ethics: Elevate Yourself to a Higher Standard
12/10/2014
15
Exhibit E
Farm Credit Administration
1501 Farm Credit Drive
McLean, Virginia 22102-5090
(703) 883-4000
FCA
FARM CREDIT ADMINISTRATION
CERTIFICATE OF CLOSED MEETING
The General Counsel, in accordance with the Government in the Sunshine Act, 5 U.S.C. § 552b(f)(1),
hereby certifies that the Farm Credit Administration Board regular meeting of November 13, 2014,
was properly closed to the public on the basis of the exemption set forth below:
Supervisory and Oversight Activities of FCS Institution(s) - 5 U.S.C. $ 552b(c)(8) and (9).
/s/
Date: November 13, 2014
Charles R. Rawls
General Counsel
16