FCS Financial: One Hundred Years July 2016 | Page 79

Officers of the three Farm Credit Banks in the 1980s are shown here. It was
during this decade that these three banks and the Farm Credit Districts
began to function as a single nationwide system with uniform standards
in finance and credit due to the worsening condition of the nation’s
agricultural economy.

Also permitted under the 1987 act was the merger of district
banks and the St. Paul and St. Louis Federal Land Banks were the
first to merge. The districts themselves merged and the Missouri
organizations were now part of the 7th Farm Credit district and
would now get their funding from a Farm Credit Bank headquartered
in St. Paul.
In 1989 additional, but not yet final, mergers took place as the
Northwest and Southwest organizations merged to become FCS of
Western Missouri and the Northeast and East Central organizations
merged to become FCS of Eastern Missouri.

The Perfect Storm

75