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

March 9, 2023

These minutes reflect the business transacted at the March 9, 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 began at 9:00 a.m. and concluded at 9:47 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; Clark Ogilvie, General 

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

members of the general public. (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 conduct a roll call and to address technical 

and protocol items.

The Secretary conducted a roll call and 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 February 9, 2023

(BM-9-MAR-23-01)

Mr. Hall moved to approve the minutes for the February 9, 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-9-MAR-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 had been disconnected so the Board could meet in closed session. OIT staff provided that 

confirmation.

Chairman Logan convened the closed session of the meeting at 9:12 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 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, indicated she had the certification from 

the General Counsel, and called the roll. (Attendees are listed on Exhibit A.) (A copy of the 

General Counsel certification is attached hereto as Exhibit D.)
Office of Secondary Market Oversight Periodic Report 

Bruce Hudson and Jeremy Del Moral of the Office of Secondary Market Oversight 

presented the Office of Secondary Market Oversight Periodic Report. 

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

There were no further questions or discussion.

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 9:47 a.m.

NOTATIONAL VOTE ACTIONS 

There was one notational vote action approved by the FCA Board from February 9, 2023, through 

March 8, 2023. 

Item 

Number

Action 

Date

Voting 

Results

Subject

NV 23-04 02/27/2023 Approved Reallocation of Funds from the Office of the Secretary to the Board 

to the Office of Equal Employment Opportunity and Inclusion

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 9, 2023.

___________/s/____________

Vincent G. Logan

Chairman and Chief Executive Officer

___________/s/____________

Ashley Waldron

Secretary to the Board

Approved: April 13, 2023
4

Exhibit A 

BOARD AND STAFF PRESENT AT THE 

FCA REGULAR BOARD MEETING 

March 9, 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

Hoffman, Bill X X

Lund, Zachary X X

Donner, Mary Alice X X

Morris, James X X

Greer, Kristin X X

Calhoun, Gaye X

Lewandrowski, Barbara X X

Waldron, Ashley X X

COO

Coleman, Robert X X

OEEOI

Burlew, Thais X X

Major, Sara Lynn X X

OIT

Versace, Jerry X X

Matos, Ricardo X X

Rana, Ben X X

OCPA

Stokke, Mike X X

Reuschel, Trevor X X

Middleton, Russell X X

OGC

Ogilvie, Clark X X

Griffin, Ward X X

Orlich, Becky

OE

Duffy, Mike X X

Fennewald, Dan X X

Greenlee, Angela X X

ODAE

D’Antoni, Jeremy X X

OIG

Laguarda, Wendy X X

Miller, Kevin X X
5

ATTENDEES OPEN 

SESSION

CLOSED 

SESSION

OSMO

Connor, Joe X X

Hudson, Bruce X X

Del Moral, Jeremy X X

Michel, Kevin X X

ORP

Kramp, Kevin X X

Agans, Autumn X X

OCFO

Walters, Sandi X X

Gandy, Doug X X

OAS

Bell, Vonda X X

FCSIC

Simonson, John X X

GENERAL PUBLIC 8 N/A
6 

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 9, 2023

TIME AND DATE: 9:00 a.m., Thursday, March 9, 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 February 9, 2023, Minutes

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 24, 2023
7 

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 9, 2023 

BM-9-MAR-23-01

Effective Date: March 9, 2023 

Impact on Prior Board Actions: None

THE FCA BOARD HEREBY:

• Approves the minutes for February 9, 2023. 

DATED THIS 9th DAY OF MARCH 2023 

BY ORDER OF THE BOARD

___________/s/___________

Ashley Waldron

Secretary to the Board
8 

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 9, 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). 

March 9, 2023 

Date

____________/s/___________

Clark Ogilvie 

General Counsel