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Topic: Federal Farm Loan Act

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	Federal Land Banks, National Farm Loan Associations, Etc.
		Each Federal Land :Bank is controlled by nine directors, six of whom are chosen by national farm loan associations, and are known as local directors; and three appointed by the Federal Farm Loan Board.
		The articles of association must be submitted to the Federal Land Bank for approval, and must be accompanied by affidavits of ownership of land, and by stock subscriptions in the' Federal Land Bank for an amount equal to five per cent of loans desired.
		Farm Loan Bonds may be issued subject to the favorable report of the Farm Loan Board, in denominations of $25, $50, $100, $500, and $1,000.
	www.oldandsold.com /articles32n/banking-12.shtml (1656 words)

	Federal Farm Loan Act - Wikipedia, the free encyclopedia
		The Federal Farm Loan Act of 1916 is a United States federal law that established 12 regional Farm Loan Banks to serve members of Farm Loan Associations.
		The biggest benefit of the act was to allow small farmers to be more competitive with the larger businesses.
		The act was signed into law by President Woodrow Wilson.
	en.wikipedia.org /wiki/Federal_Farm_Loan_Act (138 words)

	Sec. 22. Interest of Member of Congress (Site not responding. Last check: 2007-11-03)
		The Federal Farm Loan Act, referred to in text, is act July 17, 1916, ch.
		Section 5.26(a) of the Farm Credit Act of 1971 also provided that all references in other legislation to the Acts repealed thereby ''shall be deemed to refer to comparable provisions of this Act''.
		The Emergency Farm Mortgage Act of 1933, referred to in text, is title II of act May 12, 1933, ch.
	www.washingtonwatchdog.org /documents/usc/ttl41/ch1/sec22.html (752 words)

	Amortization Loans as supplied by EagleTraders.com
		Long-term loans, including farm mortgage loans, as allowed under the FEDERAL FARM LOAN ACT, in which the principal is extinguished or amortized during the period for which the loan is made.
		Under the Federal Farm Loan Act, farmers, as members of local cooperative associations now known as Federal Land Bank associations, may take out loans from the Federal Land Bank System for as short a period as five years and for as long a period as 40 years.
		It did this because this sort of loan was one which simplified the bookkeeping, made the matter of payments and amortization plain to everybody, and gave every borrower the chance to turn himself so far as time was concerned.
	www.eagletraders.com /advice/securities/amortization_loans.htm (326 words)

	Converted WP file /web/download/n/opinion/Holding/00ca-021
		The Farm Credit Administration, which is the federal body responsible for regulating and examining the entities within the System, authorized the incorporation of PCA as a credit association in 1934.
		Among other things, PCA loans money for periods of ten years or less; does not lend to the general public, but lends only to qualified ranchers or farmers; is not a depository bank; and has no deposit insurance.
		Due to the fact that the 1985 Act fails to expressly waive the tax immunity enjoyed by credit associations, these courts have concluded that such associations are not subject to state taxation.
	www.supremecourt.nm.org /pastopinion/VIEW/00ca-021.html (3364 words)

	Federal Home Improvement Loan Program
		Federal Farm Loan Act - The Federal Farm Loan Act of 1916 established 12 regional Farm Loan Banks to serve members of Farm Loan Associations.
		Federal savings associations - Federal savings associations (also called "federal thrifts") are institutions chartered by the Office of Thrift Supervision pursuant to the provisions of the Home Owners' Loan Act, a federal statute.
		Although the activities of federal thrifts were once confined primarily to taking deposits from consumers and making residential mortgage loans, federal thrifts are now authorized to offer a wide range of financial products and services.
	www.weeks-rosinski.com /federalhomeimprovementloanprogram.html (998 words)

	Reading Room Overview, National Agricultural Law Center
		Thus, the complex network of state and federal statutes, regulations, case law, and lending institutions that comprise the area of farm credit is of increasing significance to those involved in all aspects agricultural production.
		The Farm Credit System ("FCS") is a network of federally-chartered, privately-owned banks and associations that provide short- and long-term loans to eligible agricultural producers and their cooperatives.
		Emergency loans are direct loans that are available to farmers who are unable to obtain from other credit sources the funds needed to remedy the damage caused by adverse weather or other natural disasters.
	www.nationalaglawcenter.org /assets/overviews/farmcredit.html (1092 words)

	Nick Dispatch
		Along with the Federal Farm Loan Act, President Wilson and the progressive movement made many other changes in government policy to better the lives of the average citizen, not just the wealthy.
		The Wilson administration passed the child labor act of 1916, which forbade Interstate commerce of products whose production had involved the labor of children under 14 (or 16, depending on the products.) This was important was because it was the first time that Congress had regulated labor within a state using interstate commerce power.
		The Federal Reserve had 12 regional banks that were run by the Federal Reserve board; the President appointed the people on this board.
	www.ustrek.org /odyssey/semester2/012001/012001nickfarmer.html (1166 words)

	Federal Intermediate Credit Banks as supplied by EagleTraders.com
		The 12 Federal Intermediate Credit banks were established in 1923 under Title II of the Federal Farm Loan Act, as amended.
		The Federal Intermediate Credit banks provide funds for financing bona fide farmers and ranchers, producers or harvesters of aquatic products, rural residents, and persons furnishing to farmers and ranchers services directly related to their on-farm operating needs.
		Farm and rural home loans, however, may have terms of up to 10 years, and loans to producers and harvesters of aquatic products may be made for up to 15 years.
	www.eagletraders.com /advice/securities/federal_intermediate_cre.htm (1043 words)

	[No title]
		Today, with more than $108 billion in loans financing agriculture and its related cooperatives, rural homebuyers, small community water and waste disposal systems, rural electric and telephone systems and the export of U.S. farm commodities, the Farm Credit System is the oldest and largest financial cooperative in the nation.
		The legislation President Wilson signed into law in 1916 created a system of 12 regional Farm Loan Banks that would grant loans to farm cooperative associations, allowing farmers to borrow from their local institution, using their land and improvements as collateral.
		Farm Credit helps maintain and improve the quality of life in rural America and on the farm, through its constant commitment to competitive lending, expert financial services and advice, and a feeling of partnership with its customers.
	www.zimmcomm.biz /farm-credit/90th-press-release.doc (563 words)

	East Carolina Farm Credit - Farm Loans and Country Mortgages
		Farm Credit was established as a permanent system of credit that is to be responsive to the needs of our Nation’s agricultural sector, and we look forward to continued success and a bright future,” Charville added.
		The annual awards were established in the memory of two Farm Credit employees, Steve Phelps, Farm Credit Administration general counsel, and Marsha Martin, chairman of the FCA Board and former Texas district bank senior vice president, both of whom died of cancer in 2000.
		Loans are made to finance land, homes, farm buildings, operating expenses, livestock and equipment, as well as other purposes.
	www.farmcredit.org /PressReleases.html (4903 words)

	revrul55-254
		Interest allowed on future payment funds held by a Federal land bank for its borrowers for future application on their indebtedness to the Bank constitutes income for Federal income tax purposes to the borrower on the cash receipts basis as of the date of the disposition of the funds.
		The Federal Farm Loan Act, 12 U.S.C. 781, authorizes a Federal land bank to accept conditional payments from borrowers for subsequent credit upon their indebtedness to the bank, and to allow interest on such payments.
		Every conditional payment accepted by a Federal land bank for subsequent credit upon indebtedness of a borrower shall be credited upon such indebtedness as the borrower may from time to time direct in accordance with the terms and conditions upon which the payment has been accepted.
	www.taxlinks.com /rulings/1955/revrul55-254.htm (1061 words)

	S.C. Code of Laws Title 34 Chapter 13 Bank Loans And Investments - www.scstatehouse.net-LPITS (Site not responding. Last check: 2007-11-03)
		In no case shall a loan be made by any State bank which when added to the then existing total loans to the borrower thereof would increase the total to more than twenty-five per cent of the capital, surplus and deposits of the bank, less the amount invested in real estate, bonds or other securities.
		It shall be unlawful for any banking association to make any loan or discount on the security of the shares of its own capital stock or to be the purchaser or holder of any such shares unless such security or purchase shall be necessary to prevent loss upon a debt previously contracted in good faith.
		A banking institution or trust company organized under the laws of this State making an investment or loan authorized by this section shall not be chargeable in its account for a greater rate of interest than the amount actually received on the investment or loan.
	www.scstatehouse.net /code/t34c013.htm (895 words)

	Farm Credit Council - History
		The seeds of the Farm Credit System were planted by President Theodore Roosevelt in 1908, when he appointed a Country Life Commission to address the various problems facing a predominantly rural population.
		The credit delivery method established by the 1916 Federal Farm Loan Act was based largely on Germany's Landschafts, which had operated since 1769 and appeared to be the most successful of the various European cooperative ag-credit systems.
		One was the Emergency Farm Mortgage Act, which recapitalized the land banks with $189 million and cut interest rates to deal with the Depression.
	www.fccouncil.com /Default.aspx?pageid=14 (1375 words)

	The Agricultural Adjustment Act, approved May 12, 1933.
		And whereas, in order, effectively and efficiently, to carry out the provisions of said acts it is expedient and necessary that a corporation be organized with such powers and functions as may be necessary to accomplish the purposes of said acts.
		The Secretary of Agriculture and the Governor of the Farm Credit Administration are hereby authorized and directed to cause said corporation to be formed, with such articles or certificate of incorporation and bylaws, which they shall deem requisite and necessary to define the methods by which said corporation shall conduct its business.
		The Secretary of Agriculture and the Governor of the Farm Credit Administration are authorized and directed to subscribe for all of said capital stock for the use and benefit of the United States.
	www.conservativeusa.org /eo/1933/eo6340.htm (559 words)

	ARS Research Timeline - Legislation (Site not responding. Last check: 2007-11-03)
		Meat Inspection Act authorized inspection of salted pork, bacon, and live animals intended for export, and the quarantine of imported animals.
		Federal Seed Act required truthful labeling on vegetable seeds in interstate commerce and prohibited importation of low-quality seed.
		Federal Noxious Weed Act provided authority for a regulatory system designed to prevent the introduction of noxious weeds into the U.S. from foreign countries.
	www.ars.usda.gov /is/timeline/leg.htm (807 words)

	Farm Credit Bank of Texas
		After congressional and presidential studies, Congress passed the Federal Farm Loan Act in 1916, establishing the nationwide Farm Credit System — a network of credit cooperatives — to be a reliable source of funding for farmers, ranchers and aquatic producers during good times and bad.
		By 1968, all of the Farm Credit System lending entities had repaid their federal capital debt and were completely owned by their borrowers.
		Since 1916, the Farm Credit System has pursued a mission to maintain the quality of life in rural America by ensuring the availability of sound, dependable funding for agricultural producers, agribusiness, rural homeowners and other rural landowners.
	www.farmcreditbank.com /history2.htm (747 words)

	[No title]
		References to the Bankhead-Jones Farm Tenant Act and the Farmers' Home Administrative Act of 1946 were included in this revised section notwithstanding the omission (and consequent repeal) of former subsection (d) of section 52 of the said Bankhead-Jones Act (1937) (Title 7, U.S.C., 1940 ed., Sec.
		The Agricultural Adjustment Act, referred to in text, is title I of act May 12, 1933, ch.
		The Bankhead-Jones Farm Tenant Act, referred to in text, is act July 22, 1937, ch.
	uscode.house.gov /download/pls/18C23.txt (2598 words)

	CEF-Home (Site not responding. Last check: 2007-11-03)
		Farm Act provides for the establishment of federal land banks under Treasury Department supervision.
		The federal government began to establish a program that was focused on the purchase of nearly 75 million acres of sub-marginal farmland throughout the country.
		The proposal to the federal government is accepted under the condition that future ownership and management of the land be guaranteed.
	www.clemson.edu /cef/history1.htm (693 words)

	[No title]
		Reclamation act (1902) ends up benefiting owners of large tracts in CA 160 acre limitation, evaded power subsidy not accounted for (border prices) Taylor Grazing Act(1934) 80 million acres to begin with.
		Agricultural Adjustment Act of 1933 marketing orders generic advertising prorate: not entirely conspiracy to raise prices also response to chaotic markets "the plum deal" incredibly short seasons support programs non-recourse loans by Commodity Credit Corportation voluntary acreage reduction had antecedent in govt.
		Number truly on farm has dwindled; no more "farmers" bimodal farm size-big and very little wheat particularly subject to returns to scale trees are great for part timers tax laws matter a lot for the little guys and for cattle dairy has become an industry.
	are.berkeley.edu /~peter/202/outlineag.doc (1134 words)

	Choices Article - Selling a Piece of the Farm Credit System
		Loans are funded not by deposits but rather through the sale of FCS securities in global money markets.
		The FCS was chartered and initially capitalized by the federal government following passage of the Federal Farm Loan Act in 1916.
		Farm Credit Services of Mid-America serves farmers in the eastern Corn Belt and is roughly the same size as FCSA.
	www.choicesmagazine.org /2005-1/lending/2005-1-05.htm (2923 words)

	OSCN Found Document:Sooner Federal Sav. & Loan Ass'n v. Oklahoma Tax Com'n
		Federal Home Loan Bank was organized and exists by virtue of the Federal Home Loan Bank Act, 12 U.S.C. § 1421 et seq.
		First Federal Savings sought a declaratory judgment concerning the power of the State of Massachusetts to impose a tax on federal savings and loan associations.
		The ownership of that income (dividends) has shifted to federal home loan associations, appellants, and these dividends supply income and are a part of the profits of the federal savings and loan associations, and are subject to state taxation under § 1464(h), supra.
	www.oscn.net /applications/oscn/DeliverDocument.asp?CiteID=5308 (1784 words)

	The Woodrow Wilson Presidential Library: Learn at the Library - More Information: The People's Experience: Farming and ...
		This act established twelve regional farm loan banks, at which independent small farmers could borrow up to fifty percent of their land's value and twenty percent of their land improvements value.
		The act was criticized by some, because agricultural workers had to own land in order to benefit (thus excluding sharecroppers, the most destitute of farmers, from its benefits) and because the benefits were surrounded by mountains of red tape.
		The Adamson Act was the first law to limit the number of hours an employee could be expected to work during a day without overtime pay, limiting railroad workers to an eight hour day.
	www.woodrowwilson.org /learn_more/learn_more_show.htm?doc_id=385795 (369 words)

	American Liberty Dollar
		After previous attempts to push the Federal Reserve Act through Congress, a "group of bankers" (they were members of the Round Table Group, which changed its name in 1920 to: THE COUNCIL ON FOREIGN RELATIONS) funded and staffed Woodrow Wilson's campaign for President.
		Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything.
		The Federal Reserve was illegally established, in 1913, by corrupt legislators in sufficient numbers to sneak the legislation through just hours before Christmas when the honest legislators who would have blocked it were home for the holidays (folks traveled by horse and buggy and trains back then).
	www.libertydollar.org /ld/federal-reserve (1535 words)

	TRANSACTIONS BETWEEN THE FEDERAL FINANCING BANK AND THE DEPARTMENT OF THE TREASURY
		The FFB loan assets would be sold to the CSRDF in exchange for a portion of the United States debt obligations ("public debt obligations") Treasury has previously issued to the CSRDF pursuant to 5 U.S.C. § 8348 and chapter 31 of title 31, United States Code.
		In sum, since the loan assets the FFB contemplates selling are "obligations" that were "issued" by entities that qualify as "federal agencies" under the FFB Act, the FFB has the authority to sell them.
		In 1966, this Office opined that obligations of the federal land banks and the banks for cooperatives are eligible investments for all government-managed trust funds, where the statutes authorizing the issuance of such obligations contained language similar to that contained in the relevant USPS and TVA statutes.
	www.usdoj.gov /olc/ffbsale6.htm (5020 words)

	Guide to Federal Records - Records of the Farm Credit Administration [FCA] (Site not responding. Last check: 2007-11-03)
		Abolished, except for Farm Loan Commissioner, by EO 6084, March 27, 1933, establishing FCA.
		Farm Loan Commissioner transferred to FCA and assumed land bank supervision functions of FFLB.
		History: Incorporated by the federal government, February 10, 1930, under the laws of the State of Delaware as an agency of the Federal Farm Board pursuant to the Agricultural Marketing Act of 1929 (46 Stat.
	www.archives.gov /research/guide-fed-records/groups/103.html (1705 words)

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