Federal Intermediate Credit Bank


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Federal Intermediate Credit Bank

A bank sponsored by the federal government to provide funds to institutions making loans to farmers.

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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Those boards each govern three regional subsidiaries--the Banks for Cooperatives, as well as the Federal Land Banks and the Federal Intermediate Credit Banks, which oversee the Production Credit Associations (P.
Farm Credit bailout; saving the system, not the farmers

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