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Meaning / Definition of
Federal Intermediate Credit Bank
Categories: Credit and Debt, Banking,
Federally-established bank that works with other financial institutions to provide monetary loans to farmers. Federal Intermediate Credit Banks typically raise funds through the sale of unsecured bonds. Those funds are then distributed to a variety of financial institutions for redistribution to individuals employed in the farming business. The bank is included in a group of 12 banks headed by U.S. Farm Credit administration.
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