CoBank is a cooperatively organized financial services institution capitalized primarily by eligible borrowers, who earn equity over time commensurate with the amount of business they do with the organization. We are also capitalized by our preferred stockholders.
CoBank does not have publicly traded common stock and is not a registrant with the Securities and Exchange Commission. However, as a regulated member of the Farm Credit System, the bank releases its financial results on a quarterly basis, similar to a public company. Our financial statements are designed to provide customer-owners and other stakeholders with an accurate, transparent view of CoBank’s ongoing financial performance.
For copies of previously issued news releases, financial statements and bank publications, please click on the links at right.
CoBank has been named the safest bank in the United States by Global Finance magazine, and earned a place on its “World’s 50 Safest Banks” list for a fourth consecutive year.
“Gridlock” is the word that best describes the current state of American politics. Sharp ideological divisions between the parties have thwarted legislative compromise on a wide variety of issues, from taxes and entitlements to health care and immigration reform and 2014 Farm Bill. Against that backdrop, the upcoming midterm elections are likely to be among the most hotly contested in recent memory.
CoBank today announced financial results for the second quarter of 2014. Net income for the quarter increased 10 percent to $232.9 million, from $212.0 million in the same period last year. For the first six months of 2014, net income also increased 10 percent to $464.2 million.
Through quantitative easing, the U.S. Federal Reserve has more than quadrupled the size of its balance sheet and critics fear that the risk of inflation has grown too high. In the latest edition of OUTLOOK, economist Peter Morici argues the Fed needs to take steps soon to make sure inflation doesn’t gain a foothold in the economy.
CoBank, announced today that it has joined with the U.S. Department of Agriculture in the formation of a new public-private partnership focused on infrastructure investment in rural America. The new “U.S. Rural Infrastructure Opportunity Fund” will serve as a source of private-sector capital to partner with USDA on wide variety of infrastructure projects in rural communities. CoBank will act as anchor investor and has committed $10 billion of balance sheet capacity to co-lend with the fund.