FCA Examination Manual

The FCA Examination Manual contains procedures and guidance for examining Farm Credit System (FCS or System) institutions.  The manual will be updated to reflect changes in laws, regulations, or other examination criteria, and to address new or emerging risks and changes in the FCS or its products and services.  Given the inherent diversity among institutions and the dynamic nature of lending and operational issues, the manual cannot cover all potential examination areas.  However, the topics that are covered provide a solid base of procedures, criteria, and guidance to promote examination quality and consistency.  Please note: Updated content for some of the Examination Manual sections below is currently under development.  Also, effective August 21, 2014, FCA Examination Bulletins have been incorporated into the Examination Manual.

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These workpapers are not intended to create any rights, substantive or procedural, enforceable at law or in any administrative proceeding. While the workpapers were carefully reviewed for applicability and accuracy, changes may occur in the wording or interpretation of laws and regulations. If a situation arises where a workpaper becomes inconsistent with applicable laws or regulations, the requirement of the laws or regulations will prevail. Examination scope may vary between institutions. On a particular examination activity, a workpaper may not pertain to all factual situations or interpretations, additional concerns or issues may be addressed that are not covered in the workpaper, and some portions of the workpaper may not be used.