Federal Intermediate Credit Banks

Federal Intermediate Credit Bank

One of 12 government-sponsored banks that provide loans to farms, ranches, and other agricultural companies. These loans are short-term; farmers, ranchers and their companies own the stock in Federal Intermediate Credit Banks, much like member banks own stock in the Federal Reserve. The FICB derives most of its capital from short-term debt securities.

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Federal Intermediate Credit Banks

Privately owned, government-sponsored organizations that provide short-term loans to the agricultural sector. Federal Intermediate Credit Banks obtain funds from debt issues of the Federal Farm Credit Bank.