Federal Farm Loan Act

Federal Farm Loan Act
Other short titlesFederal Farm Loan Act of 1916
Long titleAn 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 bythe 64th United States Congress
EffectiveJuly 17, 1916
Citations
Public law64-158
Statutes at Large39 Stat. 360
Legislative history
  • Introduced in the Senate as S. 2986
  • Passed the Senate on May 4, 1916 (58-5)
  • Reported by the joint conference committee on June 27, 1916; agreed to by the Senate on June 27, 1916 (passed) and by the House on June 27, 1916 (311–12)
  • Signed into law by President Woodrow Wilson on July 17, 1916

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 Woodrow Wilson.

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