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- The Federal Farm Credit Banks (FFCB) is a network of institutions designed to support the United States agricultural sector1. It was created by Congress in 1916 and was bailed out by Congress in the mid-1980s after reporting near-record losses on its loans1. The modern FFCS includes dozens of institutions and is involved in various lending and banking activities1. There are three FCBs: AgFirst, AgriBank, and Farm Credit Bank of Texas2.Learn more:âś•This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.
Key Takeaways
- The FFCS is a network of institutions designed to support the United States agricultural sector.
- It was created by Congress in 1916, and was bailed out by Congress in the mid-1980s after reporting near-record losses on its loans.
www.investopedia.com/terms/f/ffcs.aspThere are three FCBs:
- AgFirst
- AgriBank
- Farm Credit Bank of Texas
en.wikipedia.org/wiki/Farm_Credit_System Federal Farm Credit Banks Funding Corporation
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