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 of America
surface form: 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 of America
surface form: United States
ownership cooperatively owned within the Farm Credit System
partOf federal farm credit system
surface form: 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 United States government
surface form: 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 (3)

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 Associations fundingSource Federal Intermediate Credit Banks
subject surface form: Production Credit Association
this entity surface form: Federal Intermediate Credit Bank