Agricultural banks and the federal home loan bank system

Julie A Dolan and Robert N Collender

American Bankers Association, 2000, vol. 13, issue 4

Abstract: The recently enacted Gramm-Leach-Bliley Act of 1999 (GLB) broadened agricultural banks access to Federal Home Loan Bank financing. The GLB repealed the mortgage-related asset requirement for small agricultural banks - those with less than $500 million in assets - increasing their access to FHLB membership and funding. GLB also expanded the mission of the FHLBs to provide additional financing to any small bank for agricultural, rural development, small business, or low-income community development lending, while extending the types of assets that may be used as collateral against advances.

Keywords: Agricultural; Finance (search for similar items in EconPapers)
Date: 2000
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