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Concern has been mounting that some Federal land banks within the huge system may not survive much longer.
The twelve Federal Land Banks were required to hold at least $750,000 in capital.
This act established twelve Federal Land Banks.
In 1917, he became president of the Federal Land Bank of the Third District.
Morgan also became an expert on Rural Credits, sponsoring the 1916 rural credits law that created the federal land bank system.
The town did receive aid from the Federal Land Bank and Graham County Farm Bureau.
They also have a loan with the Federal Land Bank, which the said they had hoped to renegotiate after settling with the bank.
The Federal Land Bank of Jackson, Miss., was reopened under the supervision of a court-appointed trustee.
The plan would require mergers of Federal land banks and Federal intermediate credit banks in districts that receive financial assistance from the Government.
Von Engelken had wanted to be President of the Federal Land Bank for the Third District.
David Ward King was for several years a director in the Federal Land Bank of St. Louis, Missouri.
Also interested in banking, he was director (1938-1946) and chairman of the board (1946-1948) of the Federal Land Bank in Baltimore, Maryland.
Federal Land Bank (FLB)
After years of losses throughout the Farm Credit System from depressed land values, a Federal land bank declared itself insolvent today, the first ever to do so.
It was purchased in 1985 from the Federal Land Bank using Federal Duck Stamp funds to protect redhead nesting habitat.
National Farm Loan Associations were established groups of 10 or more mortgage-holding farmers who together owned 5% or more of a federal land bank.
And both the Norwest Bank and the Federal Land Bank have moved in court to forclose on the farm.
The Act established the Federal Farm Loan Board to oversee and supervise federal land banks and national farm loan associations.
The $2.4 billion Federal Land Bank of Jackson, Miss., said it had frozen deposits of borrowing farmers until it receives Federal aid.
He was an attorney for the Federal Land Bank in Louisville, Kentucky from 1933 to 1935 before returning to private practice in Cleveland from 1935 to 1961.
In 1930 Branigin took a job as attorney for the Federal Land Bank and the Farm Credit Administration in Louisville, Kentucky.
Mr. Vermilya, who operates 443 acres in all, most of it rented, also is negotiating with the Federal Land Bank to buy land that it has seized.
Twelve Federal Land Banks provide the long-term loans, while 12 Federal Intermediary Credit Banks provide the shorter-term financing.
He also served as the vice president of the Federal Land Bank and a member of the board of trustees of the University of Wyoming at Laramie.
A funeral near here was interrupted recently when a bankrupt farmer loudly accused a more prosperous farmer of having offered too much to the Federal Land Bank for the foreclosed farmer's property.
