About CoBank

Senior Leadership

CoBank Code of Ethics

CoBank and its directors, officers and associates have committed to conduct business in accordance with the highest ethical standards as set forth in the bank’s Standards of Conduct policies. The Standards of Conduct policies set high standards for honesty, ethics, integrity, impartiality and conduct. Each year, every director and associate certifies compliance with the letter, intent and spirit of our Standards of Conduct policies. In addition, each senior officer is required to disclose additional information (see Senior Leadership tab).

Our Code of Ethics supplements our Standards of Conduct policies and establishes additional responsibilities specifically related to the preparation and distribution of our financial statements and related disclosures. Our chief executive officer, president, chief operating officer, chief risk officer, chief credit officer, general counsel, chief financial officer and other senior financial professionals certify compliance with the letter, intent and spirit of our Code of Ethics at each annual financial statement release. 

This Code of Ethics applies to the Chief Executive Officer, Chief Financial Officer, Management Executive Committee Members and all other senior financial professionals. CoBank and its directors, officers and employees will conduct business in accordance with the highest ethical standards as set forth in the Director Standards of Conduct Policy and the Associate Responsibilities  and Conduct Policy, relating to ethical conduct, conflicts of interest, and compliance with the law.

It is the obligation of every senior financial professional to know and comply with this Code of Ethics, which supplements CoBank’s Associate Responsibilities and Conduct Policy. CoBank is responsible for the preparation and distribution of its financial statements and related  disclosures  and  for  providing  relevant  information  that  is  true,  accurate  and complete to the Federal Farm Credit Banks Funding Corporation for use in preparing the Farm Credit System financial statements and related disclosures.  CoBank expects all of its employees to act in accordance with the highest standards of personal and professional integrity in all aspects of their activities, to comply with all applicable laws, rules and regulations, to deter wrongdoing and abide by its Associate Responsibilities and Conduct Policy and other policies and procedures approved by the Board of Directors and employed by CoBank that govern the conduct of its employees.

You agree to:

a. Engage in and promote honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships.

b. Avoid conflicts of interest and disclose to the Ethics, Compliance and Standards of Conduct Officer or the Confidential Complaint Hotline any material transaction or relationship that reasonably could be expected to give rise to a conflict.

c. Take all reasonable measures to protect the confidentiality of non-public information about CoBank and its customers obtained or created in connection with its activities and to prevent the unauthorized disclosure of this information unless required by applicable law or regulation or legal or regulatory process.

d. Produce  full,  fair,  accurate,  timely  and  understandable  disclosure  in CoBank’s  and  the  District’s  financial  statements  and  related  financial reports or communications, as well as CoBank’s and the District’s reports and documents filed with, or submitted to, the Funding Corporation and the Farm Credit Administration.

e. Comply with applicable laws, rules and regulations, as well as the terms and conditions of self-regulatory agreements to which CoBank is a party.

f. Promptly report any possible violation of this Code of Ethics to the Ethics, Compliance and Standards of Conduct Officer or the Confidential Complaint Hotline and, if potentially material to the System financial statements, to the Funding Corporation General Counsel or Chief Executive Officer or System Audit Committee.

g. Promptly report any actual violation of this Code of Ethics to the Funding Corporation General Counsel or Chief Executive Officer or System Audit Committee, and the corrective action plan with respect to the actual violation.

h. Cooperate with the Farm Credit Administration in a constructive manner and in accordance with FCA regulations in connection with FCA’s examinations and review activities.

You are prohibited from directly or indirectly taking any action to fraudulently influence, coerce, manipulate or mislead CoBank’s independent public accountant for the purpose of rendering the financial statements of CoBank misleading.

You understand that you will be held accountable for adherence to this Code of Ethics. Your failure to observe the terms of this Code of Ethics may result in disciplinary action, up to and including termination of employment.  Violations of the Code of Ethics may also constitute violations of law and may result in civil and criminal penalties for you, your supervisors or CoBank.

If you have any questions regarding the best course of action in a particular situation,

CoBank’s Ethics, Compliance and Standards of Conduct Officer, Andrew Jacob should be promptly contacted by phone (303)793-2196 or email at ajacob@cobank.com. If you would prefer to remain anonymous in reporting any possible violation of this Code of Ethics you can use the Confidential Hotline toll free at 1-888-525-5391 or complete a web report at www.reportlineweb.com/cobank.

February 9, 2017

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