Treasury and given targeted lending authorities (such as the
Federal Land Banks).
A contest as to priority ensued when the Alderman and
Federal Land Bank mortgages went into default.
The Wilsons have been active in the farm movement for a long time, and they claim that the
Federal Land Bank never fully informed them of their rights.
1916: President Wilson signs law creating the
Federal Land Banks (FLB) and Farm Loan Board, provides government start-up capital for cooperative ag lending agencies.
He estimates a logit regression model that includes a state's farm foreclosure rate, percentage of farms mortgaged, and percentage of farm mortgages held by
federal land banks as explanatory variables.
The FCS is composed of member lending institutions known as the
federal land banks. Because of deregulation and unanticipated declines in the value of the agricultural mortgage loans that the banks held as assets, the FCS suffered severe financial distress and required recapitalization by government during the 1980s.
Federal Land Banks had loans outstanding of $19.1 billion, an increase of 15.1 percent, and made loans of $4.7 billion during the year, a 6.6 increase.
