(7) Investments in Associated Organizations
Investments in associated organizations include the following at December 31:
|
2013 |
2012 |
||||
|
NRUCFC |
$ |
6,095,980 |
$ |
6,095,980 | |
|
CoBank |
4,044,338 | 4,392,948 | |||
|
NRUCFC Capital Term Certificates and other |
63,875 | 63,755 | |||
|
Total investments in associated organizations |
$ |
10,204,193 |
$ |
10,552,683 | |
The Farm Credit Administration, CoBank's federal regulators, requires minimum capital adequacy standards for all Farm Credit System institutions. Loan agreements and financing arrangements with CoBank and NRUCFC require, as a condition of the extension of credit, that an equity ownership position be established by all borrowers.