Federal Farm Credit Bank

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Federal Farm Credit Bank

An institution created by the government with the purpose of uniting the financing activities of the Federal Land Banks, the Federal Intermediate Credit Banks, and the banks for cooperatives. See: Federal Farm Credit System.

Federal Farm Credit Bank

A bank that provides loans for agricultural or other rural use. Most loans from federal farm credit banks are for commercial agriculture, but they also finance personal and recreational projects. They also issue short-term securities to finance their activities. Federal farm credit banks form part of the Farm Credit System. See also: Farm Credit Act, Farmer Mac, Agency bond.

Federal Farm Credit Bank

A federally sponsored financing organization intended to consolidate operations of the Banks for Cooperatives, the Federal Intermediate Credit Banks, and the Federal Land Banks. The Federal Farm Credit Bank issues short-term securities that trade in the secondary market.
References in periodicals archive ?
Membership: 20 cooperativas, farm credit banks and other ag organizations
Engel serves on the board of directors for the Federal Farm Credit Banks Funding Corporation, Farm Credit Leasing Services Corp.
WASHINGTON -- On behalf of the Farm Credit System, the chief executives of the nation's four Farm Credit banks issued a joint statement today pledging to stand by farmers, ranchers, cooperatives and other agricultural borrowers grappling with severe drought conditions across the country.
He has managed benefits, compensation, organizational development and recruiting functions at organizations including Chemetron Corporation, Hooker Chemical Company, Farm Credit Banks of Texas and United Gas Pipe Line Company.
Council membership is comprised of five district Farm Credit Councils and five Farm Credit banks, whose membership in turn, comes from nearly 100 direct lending associations across the country.
Fredrickson became CEO of AgriBank, FCB, in 1992 following the merger of the Farm Credit Banks of St.
The subscribers to the captive are the Farm Credit banks and associations, which are part of the Farm Credit System established by Congress in 1916 to provide American agriculture with a dependable and dedicated source of credit.
AgriBank and Farm Credit Services spans 11 states and was formed, in part, from the mergers of Farm Credit Banks in St.
NEW YORK -- The Federal Farm Credit Banks Funding Corporation (FFCB), the funding arm of the Farm Credit System, announced yesterday that Tracey McCabe will replace Jamie B.
AgFirst was created from the consolidation of the Federal Intermediate Credit Bank of Jackson, MS, and the Farm Credit Banks of Baltimore, MD and Columbia, SC, and is based in Columbia, SC.
The Funding Corporation's Board considered many extraordinary candidates during the search for Jamie's replacement," said Less Guthrie, the Federal Farm Credit Banks Funding Corporation board chair.
Similar to the way banks access the Federal Home Loan Bank System, banks would have access to national capital markets through Farm Credit Banks, which have the implicit backing of the federal government.

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