Vincent G. Logan, Chairman and Chief Executive Officer

Jeffery S. Hall, Board Member

Glen R. Smith, Board Member 

MINUTES OF THE REGULAR MEETING

OF THE

FARM CREDIT ADMINISTRATION BOARD

July 13, 2023

These minutes reflect the business transacted at the July 13, 2023, regular meeting of the Farm 

Credit Administration Board (FCA Board) pursuant to the Government in the Sunshine Act, 5 

U.S.C. § 552b, and the regulations of the Farm Credit Administration (FCA) adopted thereunder.

The meeting was held at the FCA office in McLean, Virginia. The meeting began at 10:00 a.m.

and concluded at 10:34 a.m.

Members of the Board present were:

Vincent G. Logan, Chairman and Chief Executive Officer

Jeffery S. Hall, Member

Glen R. Smith, Member

The above named constitute the full Board.

Others present included Ashley Waldron, Secretary to the Board; Ward Griffin, Acting General 

Counsel; and staff of the FCA and Farm Credit System Insurance Corporation (FCSIC). There 

were eight members of the general public registered to attend. (A list of Board and staff 

attendees is attached as Exhibit A.)

Chairman Logan announced that this meeting of the Board was a hybrid physical/virtual meeting.

Chairman Logan asked everyone to say the Pledge of Allegiance with him as the flag was 

displayed on the presentation screen.

Chairman Logan asked the Secretary to the Board to address technical and protocol items.

The Secretary addressed technical and protocol items.

The Secretary read a statement that announced the meeting would be conducted according to 

the requirements of the Government in the Sunshine Act.

Chairman Logan reviewed the published agenda. (A copy of the Public Announcement 

publishing the agenda for the meeting is attached as Exhibit B.)

Mr. Hall moved to adopt the agenda as published.
Mr. Smith seconded the motion.

There being no further discussion, Chairman Logan called the question.

The Secretary polled the Board Members and the motion carried unanimously.

Mr. Smith noted that the agenda did include portions 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 as shown on the agenda.

Mr. Hall seconded the motion.

There being no further discussion, Chairman Logan called the question.

The Secretary polled the Board Members and the motion carried unanimously.

OPEN SESSION

Approval of Minutes

Minutes for June 8, 2023

(BM-13-JUL-23-01)

Mr. Hall moved to approve the minutes for the June 8, 2023, FCA Regular Board meeting.

Mr. Smith seconded the motion.

There being no further discussion, Chairman Logan called the question.

The Secretary polled the Board Members and the motion carried unanimously. (BM-13-JUL-23-

01)

(A copy of the official “Board Action Item” is attached as Exhibit C.)

CLOSED SESSION

Chairman Logan thanked members of the public for attending and noted that this was a closed 

session.

Chairman Logan asked members of the public to disconnect from the virtual portion of the 

meeting or exit the Board Room, and asked FCA and FCSIC staff to leave the meeting (by 

disconnecting or exiting the Board Room) if they do not normally observe the closed session.

Chairman Logan asked the Office of Information Technology (OIT) staff to confirm that the 

public and staff who do not normally attend the closed session had been disconnected. OIT staff

provided that confirmation.

Chairman Logan convened the closed session of the meeting at 10:06 a.m. and asked OIT staff

to confirm that the proceedings of the closed session were being recorded as required by the 

Government in the Sunshine Act. OIT staff provided that confirmation.

Chairman Logan then instructed the Acting 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.
The Secretary noted the start time of the closed session and indicated she had the certification 

from the Acting General Counsel. (Attendees are listed on Exhibit A.) (A copy of the Acting 

General Counsel’s certification is attached hereto as Exhibit D.)

Reports

Agency and Farm Credit System Cybersecurity and Privacy Risk Update

Jeannie Shaffer and Wesley Fravel of the Office of Information Technology and Michael 

Anderson of the Office of Examination presented the Agency and Farm Credit System 

Cybersecurity and Privacy Risk Update. 

Chairman Logan asked if there were any questions or comments from the Board.

There were no further questions or comments. 

ADJOURNMENT

There being no further business to come before the Board, Chairman Logan indicated he would 

entertain a motion to adjourn the meeting.

Mr. Smith moved that the meeting be adjourned.

Mr. Hall seconded the motion.

Chairman Logan called the question.

The Secretary polled the Board Members and the motion carried unanimously.

The meeting adjourned at 10:34 a.m. 

NOTATIONAL VOTE ACTIONS 

There were four notational vote actions approved by the FCA Board from June 8, 2023, through 

July 12, 2023.

Item 

Number

Action 

Date

Voting 

Results

Subject

NV 23-14 06/09/2023 Approved Farm Credit Administration Budget Reallocation

NV 23-15 06/09/2023 Approved FCB of Texas Request to Issue and Redeem Certain Preferred Stock

NV 23-16 06/22/2023 Approved Appointment of Thomas Fay as Director of the Office of Secondary 

Market Oversight

NV 23-17 06/21/2023 Approved CoBank, ACB Request to Renew its Streamlined Approval for 

Investments in Healthcare-Related Community Facilities in Rural 

America under § 615.5140(e)

The undersigned hereby certify that the foregoing minutes are the official minutes of the Regular 

Meeting of the Farm Credit Administration Board held on July 13, 2023.

___________/s/____________

Vincent G. Logan

Chairman and Chief Executive Officer

___________/s/____________

Ashley Waldron

Secretary to the Board

Approved: August 10, 2023
Exhibit A 

BOARD AND STAFF PRESENT AT THE 

FCA REGULAR BOARD MEETING 

July 13, 2023

Vincent G. Logan, Chairman and Chief Executive Officer

Jeffery S. Hall, Board Member

Glen R. Smith, Board Member

ATTENDEES OPEN 

SESSION 

CLOSED 

SESSION

Office of the Board

Logan, Vincent X X

Hall, Jeffery X X

Smith, Glen X X

Lund, Zachary X X

Donner, Mary Alice X X

Stokke, Michael X X

Greer, Kristin X X

Calhoun, Gaye X

Lewandrowski, Barbara X X

Waldron, Ashley X X

Hoffman, Bill X X

OCoS

Duran, Maribel X X

OCOO

Coleman, Robert X X

OEEOI

Burlew, Thais X X

Fish, Tyler X X

Major, Sara Lynn X X

OIT

Golley, Jerry X X

Versace, Jerry X X

Rana, Ben X X

Shaffer, Jeannie X X

Fravel, Wesley X X

OCPA

Reuschel, Trevor X X

Middleton, Russell X X

OGC

Griffin, Ward X X

Virga, Jane X X

Baker, Jacqueline X X

OE

Duffy, Mike X X

Fennewald, Dan X X

Greenlee, Angela X X

Anderson, Michael X X
ATTENDEES OPEN 

SESSION 

CLOSED 

SESSION

ODAE

D’Antoni, JeremyXX

Iannetta, SalvatoreXX

OIG

Laguarda, WendyXX

Miller, KevinXX

OSMO

Connor, JoeXX

Hudson, BruceXX

Thomas, EluXX

Booker, JenniferXX

McGee, BriannaXX

ORP

Kramp, KevinXX

Agans, AutumnXX

OCFO

Walters, SandiXX

Gandy, DougXX

OAS

Bell, VondaXX

FCSIC

Simonson, JohnXX

Smith, GregoryXX

GENERAL PUBLIC8 N/A
Exhibit B

Farm Credit Administration 1501 Farm Credit Drive

McLean, VA 22102-5090

(703) 883-4000

PUBLIC ANNOUNCEMENT OF 

MEETING SUBJECT TO THE GOVERNMENT IN THE SUNSHINE ACT

Farm Credit Administration Board 

Regular Meeting 

July 13, 2023

TIME AND DATE: 10:00 a.m., Thursday, July 13, 2023. 

PLACE: You may observe the open portions of this meeting in person at 1501 Farm Credit 

Drive, McLean, Virginia 22102-5090, or virtually. If you would like to observe, at least 24 

hours in advance, visit FCA.gov, select “Newsroom,” then select “Events.” From there, 

access the linked “Instructions for board meeting visitors” and complete the described 

registration process.

STATUS: Parts of this meeting will be open to the public. The rest of the meeting will be 

closed to the public.

MATTERS TO BE CONSIDERED: The following matters will be considered:

Portions Open to the Public

• Approval of Minutes for June 8, 2023 

Portions Closed to the Public

• Agency and Farm Credit System Cybersecurity and Privacy Risk Update1

CONTACT PERSON FOR MORE INFORMATION: If you need more information or assistance 

for accessibility reasons, or have questions, contact Ashley Waldron, Secretary to the Board. 

Telephone: 703-883-4009. TTY: 703-883-4056.

___________/s/___________

Ashley Waldron

Secretary to the Board

1 Session Closed-Exempt pursuant to 5 U.S.C. Section 552b(c)(8), and (9). 

June 28, 2023
Exhibit C

Farm Credit Administration

BOARD ACTION ITEM

1501 Farm Credit Drive

McLean, VA 22102-5090

(703) 883-4000

FCA BOARD ACTION ON

Minutes for June 8, 2023 Regular Board Meeting

BM-13-JUL-23-01 

Effective Date: July 13, 2023

Impact on Prior Board Actions: None

THE FCA BOARD HEREBY:

• Approves the minutes for the June 8, 2023, regular Board meeting. 

DATED THIS 13th DAY OF JULY 2023

BY ORDER OF THE BOARD

___________/s/___________

Ashley Waldron

Secretary to the Board
Exhibit D 

Farm Credit Administration 1501 Farm Credit Drive

McLean, VA 22102-5090

(703) 883-4000

CERTIFICATE OF CLOSED MEETING

The Acting 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 July 13, 2023, was properly closed to the public on the basis of the exemptions 

set forth below:

• Supervisory and oversight activities of Farm Credit System institution(s) – 5 U.S.C. 

§ 552b(c)(8) and (9). 

July 13, 2023 

Date

____________/s/___________

Ward Griffin

Acting General Counsel