Used to Secure a Instrument Purchased Discounted Fifteen-Day Advance Real bills (*) Yes (b) Yes (a) Yes (c) Treasury debt No No Yes (c) Member bank loan secured No Yes (a) Yes (c) by Treasury debt FLB debt No No No Member bank loan secured No No No by FLB debt WFC debt No No Yes (f) Member bank loan secured No Yes ([dagger]) Yes (f) by WFC debt FICB debt No No No Member bank loan secured No No No by FICB debt RFC debt (h) No No No Member bank loan secured No No No by RFC debt Notes: FLB is Federal Land Bank
. WFC is War Finance Corporation.
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.
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.
(26) On August 28, 1928, the Godwins refinanced the second First National mortgage and gave a mortgage to Federal Land Bank
of Columbia (Federal Land Bank
Career: Started with the Federal Land Bank
holding various positions within the Farm Credit System.
The banks I borrowed from -the Federal Land Bank
and the Production Credit Association-are not govemment-owned.
says their financial problems started because of "controlled low prices and high interest rates." Then the Federal Land Bank
Starting with the Federal Farm Loan Act of 1916, Congress established a cooperative system of Federal Land Banks
and farm loan associations.
The story continues through the Federal Land Banks
created in the same era to improve the flow of finance to small farmers and a variety of municipal enterprises providing everything from ice to schools.