The System's Federal Land Banks
and Federal Intermediate Banks were required to merge.
As is clear, the Godwin case exhibited a crucial identity of key facts with those of Boley: Federal Land Bank
occupied the same position relative to the land as had Daniel in Boley--a third-party refinancing lender whose only claimed interest in the property was that it had satisfied a superior lien thereon at the request of the mortgagor.
Diversification risk: Both the FCS's federal land banks
of the 1980s and the present-day FHLBanks are restricted geographically in their lending portfolio, and both prevent member institutions from diversifying risk through multiple membership.
Morgan and his lenders--the Federal Land Bank
, Production Credit Association and their parent entity, the Western Farm Credit Bank--called a series of meetings last year to discuss liquidating assets: the lush, remote parcels that line the plantation's 40-mile stretch of the Hamakua Coast.
Local Production Credit and Federal Land Bank
associations are represented on the boards of the twelve districts.
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.
He started his career as a loan officer with the Federal Land Bank
Association of Lake Providence, Louisiana, then became branch manager/corporate loan manager for Carolina Farm Credit and worked for several other farm lenders.
Career: Started with the Federal Land Bank
holding various positions within the Farm Credit System.