The Farm Credit System touches everyone's daily life by financing the operations that provide America with low cost, high quality agricultural products and services.  
Federal Farm Credit Banks Funding Corporation
Federal Farm Credit Banks Funding Corporation
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Offering Circulars

The Offering Circular applicable to a Farm Credit Debt Security is determined through its issuance program (Bond, Discount Note, Master Note, or Medium-Term Note) by selecting the Offering Circular with a publication date that most closely precedes the issuance date of the Farm Credit Debt Security. All Offering Circular Supplements immediately follow the Offering Circular to which they pertain and are contained within the same PDF file.

Offering Circulars
Current Program Documentation Publication Date
Bonds and Discount Notes June 18, 1999
Master Notes December 21, 1999

Previous Program Documentation
The Offering Circulars listed below are either not the most recent version or relate to a Farm Credit Debt Security the System Banks do not currently issue.
Publication Date
Bonds and Discount Notes January 22, 1996
Medium-Term Notes July 19, 1993
Medium-Term Notes August 18, 1992
Medium-Term Notes March 27, 1989

Offering Circulars should be read in conjunction with the most recent Annual Information Statement and the most recent Quarterly Information Statement, and certain Press Releases if any, that relate to the financial results or other developments affecting the Farm Credit System issued by the Funding Corporation since the publication of the most recent Annual or Quarterly Information Statement. Investors should rely only on the information incorporated by reference or provided in an Offering Circular, any supplement to an Offering Circular, and the applicable Offering Announcement or Term Sheet for a particular issue of Farm Credit Debt Securities. The Funding Corporation has not authorized anyone else to provide investors with different information.
 
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