The Farm Credit Act of 1933 (Pub. L. 73–75, 48 Stat. 257, enacted June 16, 1933) established the Farm Credit System (FCS) as a group of cooperative lending institutions to provide short-, intermediate-, and long-term loans for agricultural purposes. Specifically, it authorized the Farm Credit Administration (FCA) to create 12 Production Credit Associations (PCAs) and 12 Banks for Cooperatives (BCs) alongside the 12 established Federal Land Banks (FLBs), as well as a Central Bank for Cooperatives.
The Farm Credit Act of 1971 recodified all previous acts governing the Farm Credit System.
See also
External links
- Roosevelt, Franklin D. (March 27, 1933). "The Message and Executive Order Consolidating Federal Farm Credit Agencies - March 27, 1933". Internet Archive. National Archives and Records Administration. pp. 84–85.
- Roosevelt, Franklin D. (March 27, 1933). "Executive Order No. 6084: Accompanying the Foregoing Message - March 27, 1933". Internet Archive. National Archives and Records Administration. pp. 85–90.
- "Public Law 73-75, 73d Congress, H.R. 5790". Federal Reserve Archival System for Economic Research (FRASER). June 16, 1933.