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2010-03-11 — prnewswire.com
"The Federal Agricultural Mortgage Corporation (Farmer Mac; NYSE: AGM and AGM.A) and Morgan Keegan & Company, a regional investment firm in Memphis, Tennessee, today announced that they have entered into an agreement under which Morgan Keegan will begin marketing Farmer Mac programs designed specifically for Morgan Keegan's commercial banking clients that hold agricultural mortgage loans in their portfolios. The primary program to be offered through Morgan Keegan's Fixed Income Capital Markets division will be Farmer Mac's Long-Term Standby Purchase Commitment (LTSPC), which allows banks to improve their capital position by shifting the credit risk on pools of agricultural real estate loans from the bank to Farmer Mac. Loans placed in the LTSPC program are expected to receive favorable capital treatment, thereby freeing up the bank's capital for other purposes."
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