Federal Intermediate Credit Banks

E155607

Federal Intermediate Credit Banks were U.S. government-sponsored financial institutions that provided medium-term credit to agricultural producers and cooperatives as part of the Farm Credit System.

All labels observed (2)

How this entity was disambiguated

Statements (49)

Predicate Object
instanceOf federal agricultural credit institution ⓘ
government-sponsored enterprise ⓘ
country United States ⓘ
creditTermFocus intermediate-term credit ⓘ
dateDissolved early 1990s ⓘ
late 1980s ⓘ
dateEstablished 1923 ⓘ
dissolutionCause Farm Credit Amendments Act of 1985 implementation ⓘ
Farm Credit System restructuring ⓘ
establishedBy Agricultural Credits Act of 1923 ⓘ
fate merged into Farm Credit Banks ⓘ
financingType marketing loans ⓘ
operating loans ⓘ
production credit ⓘ
seasonal credit ⓘ
fundingSource sale of consolidated systemwide bonds ⓘ
guaranteeStatus obligations not explicitly guaranteed by the United States ⓘ
headquartersStructure district banks ⓘ
historicalSignificance expanded access to credit for U.S. farmers in the 20th century ⓘ
industry financial services ⓘ
legalBasis Agricultural Credits Act of 1923 ⓘ
Federal Farm Loan Act ⓘ
numberOfDistricts 12 ⓘ
operatedIn United States ⓘ
ownership cooperatively owned within the Farm Credit System ⓘ
partOf Farm Credit System ⓘ
product agricultural loans ⓘ
discounting of agricultural paper ⓘ
intermediate-term credit ⓘ
profitStatus cooperative, borrower-owned institutions ⓘ
purpose to provide credit to agricultural cooperatives ⓘ
to provide credit to agricultural producers ⓘ
to provide medium-term credit to agriculture ⓘ
regulator Farm Credit Administration ⓘ
relatedTo Banks for Cooperatives ⓘ
Federal Land Banks ⓘ
Production Credit Associations ⓘ
roleInSystem provided discount and direct loans to local lending institutions ⓘ
served as wholesale lenders within the Farm Credit System ⓘ
sector agricultural finance ⓘ
servedBorrowers agricultural cooperatives ⓘ
farm-related businesses ⓘ
farmers ⓘ
livestock producers ⓘ
sponsor U.S. federal government ⓘ
status defunct ⓘ
successor Farm Credit Banks ⓘ
supervisedBy Farm Credit Administration ⓘ
typicalMaturityRange 6 months to 5 years ⓘ

How these facts were elicited

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

Farm Credit Act of 1933 → reorganized → Federal Intermediate Credit Banks ⓘ
Federal Land Banks → relatedTo → Federal Intermediate Credit Banks ⓘ
Production Credit Association → fundingSource → Federal Intermediate Credit Bank ⓘ
subject linked to: Production Credit Associations
linked to: Federal Intermediate Credit Banks
Farm Credit Banks → historicalPredecessor → Federal Intermediate Credit Banks ⓘ