Federal Farm Credit System

Federal Farm Credit System

A system chartered in 1971 through the farm credit act providing farmers with credit services through a Federal Land Bank, a Federal Intermediate Credit Bank, and a bank for cooperatives. See: Federal Farm Credit Bank.
References in periodicals archive ?
Farmers and cooperative cotton gins began establishing oil mills for crushing (processing) cottonseed after the formation of the Federal Farm Credit system in 1933.
Congress reaffirmed its mandate to channel credit to the agricultural sector by enacting the Agricultural Credit Act of 1987 (ACA), which recapitalized the Federal Farm Credit System after it suffered massive losses because of the farm debt crisis.
23, 2010 the fund was invested in floating rate securities issued by the Federal Home Loan Bank and Federal Farm Credit System, which mature between 403 days and 488 days, but interest rates paid by these securities reset on a monthly or quarterly basis.
Any future substitute investment is limited to non-callable obligations of the United States and non-callable senior unsubordinated obligations of the Federal Home Banks, Federal Home Loan Mortgage Corporation, Federal National Mortgage Association, Resolution Funding Corporation and the Federal Farm Credit System.
and the Resolution Funding Corporation and senior unsubordinated obligations of FNMA, the Federal Home Loan Mortgage Corporation, and the Federal Farm Credit System.

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