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Federal Land Bank |
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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. They are 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Career: Started with the Federal Land Bank holding various positions within the Farm Credit System. Leavey, a native of California, was the first in his family to attend college and worked as an auditor for the Federal Land Bank, while supplementing his income selling insurance part time. 55% variable-rate mortgage through their local Federal Land Bank. |
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