(the bank of the coffee growers) was established in 1954 because "la Caja Agraria" (agricultural financial institution), also created by the Coffee Federation during the 1930s, was not providing adequate service to the coffee growers. This banking and financial institution was created with the purpose of facilitating and financing the production, harvesting, processing, transport and exporting of coffee and other agricultural products. Eventually, the bank established over 300 branches throughout the country; its assets amounted to 10% of the nation's banking assets and handled over one million seven hundred thousand bank accounts. It became the third largest bank in Colombia, offering every financial services to all the industries and sectors of the national economy. Compañia Agrícola de Seguros The "Compañia Agrícola de Seguros" (agrarian insurance company) was created in 1952. The Coffee Federation decided to establish this insurance company because the premiums being charged to its members to insure and protect the warehousing and transportation of coffee, by commercial insurance companies were ever increasing. The company eventually extended its services to cover production risk and liability, hedging, calamity, auto, life and health insurance to all of the members of the Coffee Federation, offering if lower premiums and higher benefits. The company suffered heavy losses during the earthquake that destroyed Armenia, as this was a highly concentrated area of coffee growers. The National Coffee Fund The national coffee fund ("Fondo Nacional del Café") (FNC) has served for several decades as the primary instrument of Colombian coffee policy formulation and implementation. The FNC has two main investment sub-funds, the stabilizer fund and the investment fund. The stabilizer fund manages resources for the internal and external administration of product, prices and commerce. The investment fund manages the resources for the investment in the Federation's enterprises and, for the lines of credit and production financing for coffee growers. During the 20th century, Colombia became the number one producer and exporter of premium mild washed coffee in the world. This has been a very significant achievement, attained by the combined efforts of the private sector, the gremial organizations and the Federation's institutions. The successful model of Colombian coffee production and commerce is the outcome of a well balanced combination of efficient private enterprise and a well planned macroeconomic policy by the government. This economic model has become the organizational archetype for more than fifty coffee producing countries in Africa, Asia and Latin America. The 21st