<P> The Farm Credit System function is to provide a source of credit for American agriculture by making loans to qualified borrowers at competitive rates and providing insurance and related services . </P> <P> Congress established the Farm Credit System as a government - sponsored enterprise (GSE) when it enacted the Federal Farm Loan Act of 1916 . Current authority is granted by the Farm Credit Act of 1971 . The Farm Credit System is considered the first GSE chartered by the United States . </P> <P> The Farm Credit Administration (FCA), an agency of the federal government created in 1933, provides regulatory oversight for the Farm Credit System . The Farm Credit System Insurance Corporation (FCSIC), established by the Agricultural Credit Act of 1987, insures the timely repayment of principal and interest on FCS debt securities . </P> <P> Three Farm Credit Banks (FCBs) provide loan funds to 50 Agricultural Credit Associations (ACAs) and one Federal Land Credit Association (FLCA). In turn, ACAs make short -, intermediate -, and long - term loans, while FLCAs make long - term loans, to farmers, ranchers, producers and harvesters of aquatic products, rural residents for housing, and certain farm - related businesses . </P>

Which of the following is not part of the federal farm credit system