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Vincent G. Logan, Chairman and Chief Executive Officer (CEO)

Jeffery S. Hall, Board Member

Glen R. Smith, Board Member 

MINUTES OF THE REGULAR MEETING

OF THE

FARM CREDIT ADMINISTRATION BOARD

March 14, 2024

These minutes reflect the business transacted at the March 14, 2024, regular meeting of the 

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

U.S.C. § 552b, and the regulations of the 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 10:49 a.m. The meeting was a hybrid physical/virtual meeting.

Members of the Board present were:

Vincent G. Logan, Chairman and CEO

Jeffery S. Hall, Member

Glen R. Smith, Member

The above named constitute the full Board.

Others present included Ashley Waldron, Secretary to the Board; David Grahn, General 

Counsel; and staff of the FCA, Farm Credit System Insurance Corporation (FCSIC), and Federal 

Housing Finance Agency (FHFA). There were three members of the general public in attendance. 

(A list of Board and staff attendees is attached as Exhibit A.)

Chairman Logan called the meeting to order.

The Secretary addressed technical and protocol items and read a statement that announced the 

meeting would be conducted according to Government in the Sunshine Act requirements.

ADOPTION OF AGENDA

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

CONSIDERATION TO CLOSE PORTIONS OF THE MEETING

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 February 8, 2024

(BM-14-MAR-24-01)

Mr. Hall moved to approve the minutes for the February 8, 2024, FCA regular board meeting, as 

presented.

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-14-MAR24-01)

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

CLOSED SESSION

Chairman Logan noted that the meeting was moving into closed session and asked the 

members of the public and staff who were not observing the closed session to leave the meeting.

OIT staff confirmed that the public and those staff had disconnected from the virtual portion of 

the meeting.

Chairman Logan convened the closed session of the meeting at 10:05 a.m. 

OIT staff confirmed that the proceedings of the closed session were being recorded, pursuant to

5 U.S.C. § 552b(f).

The Secretary confirmed she had the certification from the General Counsel, 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. (Attendees are listed on Exhibit A.) (A copy of the General Counsel’s certification is 

attached as Exhibit D.)
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Reports

Office of Secondary Market Oversight Periodic Report 

Joe Connor of the Office of Secondary Market Oversight and Peggy Balsawer of the 

Federal Housing Finance Agency presented the Office of Secondary Market Oversight Periodic 

Report. 

ADJOURNMENT

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

entertain a motion to adjourn the meeting.

Mr. Hall moved that the meeting be adjourned.

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.

The meeting adjourned at 10:49 a.m.

NOTATIONAL VOTE ACTIONS 

There were no notational vote actions approved by the FCA Board from February 8, 2024, 

through March 13, 2024. 

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

meeting of the Farm Credit Administration Board held on March 14, 2024.

___________/s/___________

Vincent G. Logan

Chairman and CEO

___________/s/___________

Ashley Waldron

Secretary to the Board

Approved: April 11, 2024
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Exhibit A 

BOARD AND STAFF PRESENT AT THE 

FCA REGULAR BOARD MEETING 

March 14, 2024

Vincent G. Logan, Chairman and CEO

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

Coleman, Robert X X

Scribner, Tyler X

Cunningham, Lesley X

OEEOI

Burlew, Thais X X

Major, Sara Lynn X X

OIT

Golley, Jerry X X

Versace, Jerry X X

Matos, Ricardo X X

OCPA

Reuschel, Trevor X X

Rezendes, Andrew X

OGC

Grahn, David X X

Griffin, Ward X X

Cohn, Jennifer X X

Grossman, Andra X X

OE

Duffy, Mike X X

Fennewald, Dan X X

ODAE

D’Antoni, Jeremy X X

Kaiser, Rebecca X X
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ATTENDEES OPEN 

SESSION 

CLOSED

SESSION 

OIG

Laguarda, Wendy X X

Miller, Kevin X X

OSMO

Fay, Thomas X X

Hudson, Bruce X X

Connor, Joe X X

Del Moral, Jeremy X X

West, Tiffany X X

ORP

Kramp, Kevin X X

OCFO

Walters, Sandi X X

Gandy, Doug X X

OAS

Bell, Vonda X X

Adkins, Byron X

FCSIC

Simonson, John X X

FHFA

Balsawer, Peggy X X

GENERAL PUBLIC 3 N/A
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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 

March 14, 2024 

TIME AND DATE: 10 a.m., Thursday, March 14, 2024. 

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 February 8, 2024 

PORTIONS CLOSED TO THE PUBLIC:

• Office of Secondary Market Oversight Periodic Report1

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).

February 29, 2024
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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 February 8, 2024, Regular Board Meeting

BM-14-MAR-24-01 

Effective Date: March 14, 2024 

Impact on Prior Board Actions: None

THE FCA BOARD HEREBY:

• Approves the minutes for the February 8, 2024, regular Board meeting. 

DATED THIS 14th DAY OF MARCH 2024 

BY ORDER OF THE BOARD

___________/s/___________

Ashley Waldron

Secretary to the Board
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Exhibit D

Farm Credit Administration 1501 Farm Credit Drive

McLean, VA 22102-5090

(703) 883-4000

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 

March 14, 2024, 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). 

March 14, 2024 

Date

____________/s/___________

David Grahn

General Counsel