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.

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.
References in periodicals archive ?
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.
The Spokane Federal Intermediate Credit Bank received a $135 million aid package early in 1985, while the one in Omaha is scheduled to receive $340 million.
Nonetheless, an audit by the regional Federal Intermediate Credit Bank two months earlier had found Willamette Valley to be in good financial health, though it did note $2 million in loan losses because of declining collateral values.

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