Federal Land Bank


Also found in: Dictionary, Thesaurus, Acronyms, Encyclopedia.

Federal Land Bank

A bank administered under the US Farm Credit Administration that provides long-term mortgage credit to farmers for agriculture-related expenditures.

Federal Land Bank

A bank that provides loans for agricultural or other rural use. Most loans from federal land banks are for commercial agriculture, but they also finance personal and recreational projects. Federal land banks form part of the Farm Credit System. See also: Farm Credit Act.

Federal Land Bank

The former name for institutions established by Congress in 1917 in order to provide long-term mortgage credit to farmers and ranchers, and later to rural home buyers. The Federal Land Banks merged with the Federal Intermediate Credit Banks after the Agricultural Credit Act of 1987.It is now known as a Farm Credit Bank.

References in periodicals archive ?
In Dekle, Federal Land Bank had refinanced a first lien intending to be in first position.
The underlying irrevocable, direct-pay letter of credit (LOC) issued by Fresno-Madera Federal Land Bank Association, FLCA provides the same coverage as the CLOC.
The firm's principals were instrumental in creating the Federal Land Bank in the early 1900s, providing the first secure financing for America's farm families.
He estimates a logit regression model that includes a state's farm foreclosure rate, percentage of farms mortgaged, and percentage of farm mortgages held by federal land banks as explanatory variables.
a senior analyst with the Federal Land Banks and an actuarial trainee for Bankers Life Insurance Company.

Full browser ?