Federal Farm Loan Act
The Federal Farm Loan Act of 1916 (Pub. L. 64–158, 39 Stat. 360, enacted July 17, 1916) was a United States federal law aimed at increasing credit to rural family farmers. It did so by creating a federal farm loan board, twelve regional farm loan banks and tens of farm loan associations. The act was signed into law by President of the United States Woodrow Wilson.
Other short titles | Federal Farm Loan Act of 1916 |
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Long title | An Act to provide capital for agricultural development, to create standard forms of investment based upon farm mortgage, to equalize rates of interest upon farm loans, to furnish a market for United States bonds, to create Government depositaries and financial agents for the United States. |
Enacted by | the 64th United States Congress |
Effective | July 17, 1916 |
Citations | |
Public law | 64-158 |
Statutes at Large | 39 Stat. 360 |
Legislative history | |
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