Federal Farm Loan Act Overview and Board Powers
A 1916 federal act establishes a land bank system across the continental United States, creating twelve districts and a Treasury supervised Farm Loan Board. The board can charter banks, set loan rates, approve issues, regulate title examination charges, and supervise all federal land banks and joint stock banks. The Treasury Secretary may deposit US funds in land banks up to 140 million dollars.
MENTIONED IN THIS ARTICLE
United States
Alaska
Teyerment
Treasury
Tae
Bank
Dis
Viet Ned
Fot Land Bank
Federal Land Bank
Eis Joint Stock
Caonal
Federal
Pahall
Secretary of the Treasury
Federal Farm Loan Banks Organization Provisions Summary
Provisions establish a national framework for federal land banks with district branches, officers, and elected representatives. It outlines stock, dividends, capitalization, reserve funds, and tax exemptions, plus lending rules for farm mortgages, bond issuance, collateral, and agency relationships with farm loan associations and agents.
National Farm Loan Associations Formed by Farmers
Section 7 describes that ten farm owners seeking loans aggregating twenty thousand dollars or more may form an association. It outlines governance by five directors including president and vice president, a three-member loan committee without pay, and a secretary treasurer paid by the association from the farm loan board. Capital stock is five dollars per share, with details on double liability and borrower ownership requirements for subscribing six percent of their loan.
MENTIONED IN THIS ARTICLE
Land Bank
Omicera
Farm Loan
He Jralille
Farm Loan Board
Association
Capital Stock
Joint Stock Land Banks Section 16 Provisions Summarized
Private corporations may form with ten or more persons and a five member board. Banks may operate within their state and in one adjacent state. Semiannual federal examinations required. Capital stock minimum is 250000 and shares may be double. U S government shall own none of the stock. Farm loan bonds issued only after full capital paid or when half is subscribed and paid. Authority to issue and sell farm loan bonds and to lend up to 60 percent of land value and 20 percent of permanent improvements. Loans may exceed 10000 to any one borrower but follow statutory limits.
MENTIONED IN THIS ARTICLE
United States
Ecapital
United Tes
Ita Diatrict
Land Bank
Farm Loan Association
Federal Land Tank
Federal Farm Loan Board
Federal Reserve Bank
Federal Land Bank
Joan Committee of
Te Ryn Fram
Smnath
Tla
Farm Toan
Fnir
Federal Fund
United Shites
Ole Land Bank
Federal Reserve Banks
Joan Bonis
Weiler
Farina Loan Board
Farina Loun-Tsinds
Federal Land Bank Examiner
Mirror_magic in a clothing shop described
A dealer in wearing apparel used full length special design mirrors to fit customers. A stout shopper saw a con cave view to check her figure with reduced measurements while a thin customer faced a convex mirror for the opposite illusion.
MENTIONED IN THIS ARTICLE
Stout and Thin
Popular Mechanics
Humorous Tales From The Bassett Building Dinner
An Indianapolis lore snippet notes Moistened His Lips Omer Scudder and fellow businessmen pooling 60 cents to buy ice cream in the Bassett building. Scudder, hungry for a quart, devours a half gallon as colleagues survey the feast and return to their work. The piece closes with a Life magazine quip about three philosophers riding in a broken car and dreaming of sustenance brought to them.
MENTIONED IN THIS ARTICLE
Omer Scudder
Columbus
Fites
Bassett Building
Scudder
Scuider
Indianapolis News
Suaid
Wilson Awaits Vote Count On Railroad Strike
President Wilson and federal officials monitor the looming 400,000 railroad workers strike as mediation steps are considered. Grand Chief Warren S. Stone says workers consent to arbitration but reject railroad terms based on time rate, urging broader wage and hour fairness.
MENTIONED IN THIS ARTICLE
Brotherhood
Washitgton
Wilson
Federal Board of Mediation and
Warrens. Stone
Internatonal Brotherhood of Logomotive Hueglneers
Stone
Intestate Commerce Commission
France stands firm as war effort carries to victory
Paris reports President Poincare replying to King George's telegram on the war anniversary. He says it is impossible to see allied troops at work without confidence in their success and that France, though bearing heavy sacrifices, is resolved to carry the war through to rightful victory, like England and other allies.
MENTIONED IN THIS ARTICLE
Paris
Poincare
King George
King- Inn
France
England
Swedish Steamer Commerce Sunk by German Submarine
The Swedish steamer Commerce of 688 tons carrying 260 standards of battens bound for England was sunk off Soederhamn by a German U boat. The vessel carried no contraband and Sweden will lodge a protest in Berlin over this and other Baltic shipping attacks.
MENTIONED IN THIS ARTICLE
Btockholm
Commerce
England
Soederhamn
Berlin
Baltic
Kentuckian Kills Brother in Family Quarrel Near Wayette
Wallace Freeman, 23, shot and killed his brother William Freeman, 28, at their home near Wayette Kentucky following a family quarrel. Wallace surrendered to authorities and was jailed. The incident occurred in August.
MENTIONED IN THIS ARTICLE
Lexington
Wayette
Wilinm Freeman
Ila
Wallace Freeman
Wallace
Jatt
Leaps Thirteen Stories in Atlanta Bank Fall
A man named A. Brown, a fixture keeper, leaped or fell from the 13th floor of the Fourth National Bank building in Atlanta and was killed instantly. His body was found smashed against a wall.
MENTIONED IN THIS ARTICLE
Atlanta
T. A. Brown
Fourth National Bank
Austrian Warship Torpedoed in Adriatic
Rome reports the admiralty announced that the Anatolia torpedo boat destroyer was torpedoed in the Adriatic by an Italian submarine on Wednesday.
MENTIONED IN THIS ARTICLE
Rome
Admiralty
Anatolia
Adriatic
Also Mentioned on This Page
Federal Farm Loan Act
H. M. Hanson
Farm Mortgage Bankers’ Association of America
House of Representatives
United States Senate
Federal Farm Loan Banks
Roewl
National Farm Loan Associations
Losiy One Brotherhoods
Arbiuation Board
Entrodts
BMT
Sweden
Mary Pickford
Miss Pickford
Thia
Poplar
Price Ie
Atoc
Chen
Fara Oc
Freshville
Panpelon Mig
Prospect St
Cleveland
Hama
Vaneuf
Gewing Machine CO
Orange
Masel
Dalay
Welty
Igniarec Gettat
Harold Somers
Dekalb Ave
Brooklyn
Sental
Des Moines
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