Farm Credit Act of 1933
Long title | An Act to provide for organizations within the Farm Credit Administration to make loans for the production and marketing of agricultural products, to amend the Federal Farm Loan Act, to amend the Agricultural Marketing Act, to provide a market for obligations of the United States, and for other purposes. |
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Enacted by | the 73rd United States Congress |
Effective | June 16, 1933 |
Citations | |
Public Law | 73-75 |
Statutes at Large | 48 Stat. 257 |
Legislative history | |
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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.
See also
External links
- Peters, Gerhard; Woolley, John T. "Franklin D. Roosevelt: "Message to Congress on Consolidation of Federal Farm Credit Agencies.," March 27, 1933". The American Presidency Project. University of California - Santa Barbara.
- Peters, Gerhard; Woolley, John T. "Franklin D. Roosevelt: "Executive Order 6084 Consolidating Federal Farm Credit Agencies.," March 27, 1933". The American Presidency Project. University of California - Santa Barbara.
- "Public Law 73-75, 73d Congress, H.R. 5790" (PDF). Federal Reserve Archival System for Economic Research (FRASER). June 16, 1933.