Banks for Cooperatives

E155609

Banks for Cooperatives were specialized financial institutions within the U.S. Farm Credit System that provided credit and related financial services to agricultural cooperatives.

All labels observed (3)

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf component of the Farm Credit System
government-sponsored enterprise
specialized financial institution
beneficiarySector U.S. agricultural sector
rural economy
capitalStructureFeature capitalization based on borrower stock and retained earnings
clientOwnershipFeature borrowers were required to own stock in the bank
consolidationOutcome Banks for Cooperatives self-linksurface differs
surface form: merged into CoBank
country United States of America
surface form: United States
economicRole support cooperative marketing of agricultural products
support cooperative purchasing of farm supplies
support rural infrastructure development
fundingSource capital from member cooperatives
issuance of consolidated systemwide debt securities
governance board of directors elected by borrower-stockholders
historicalSignificance expanded access to credit for agricultural cooperatives in the United States
legalStatus federally chartered instrumentality of the United States
marketFocus wholesale lending to cooperatives rather than individual farmers
operatedWithinSystem federal farm credit system
surface form: U.S. Farm Credit System
ownershipStructure borrower-owned
cooperatively owned
policyObjective support a stable and dependable source of credit for agricultural cooperatives
primaryFunction provide credit to agricultural cooperatives
provide related financial services to agricultural cooperatives
providedService cash management services
financial counseling
intermediate-term credit
leasing services
letters of credit
long-term credit
short-term credit
term loans
trade financing
working capital loans
regulatoryFramework Farm Credit Act of 1933
Farm Credit Act of 1971
relationshipToOtherEntities operated alongside Federal Land Banks and Federal Intermediate Credit Banks within the Farm Credit System
riskManagementRole help agricultural cooperatives manage credit risk
sector agricultural finance
servedClientType agricultural cooperatives
farm credit cooperatives
farm supply cooperatives
marketing cooperatives
rural utility cooperatives
successor CoBank
successorInstanceOf Banks for Cooperatives self-linksurface differs
surface form: CoBank is a cooperative bank within the Farm Credit System
supervisingAuthority Farm Credit Administration
taxStatus subject to federal income tax

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 Banks for Cooperatives
Federal Intermediate Credit Banks relatedTo Banks for Cooperatives
Banks for Cooperatives consolidationOutcome Banks for Cooperatives self-linksurface differs
this entity surface form: merged into CoBank
Banks for Cooperatives successorInstanceOf Banks for Cooperatives self-linksurface differs
this entity surface form: CoBank is a cooperative bank within the Farm Credit System