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Federal Land Banks, National Farm Loan Associations, Etc. (1656 words) |
 | 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. |
| Federal Farm Loan Act - Wikipedia, the free encyclopedia (138 words) |
| 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. |
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