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Federal Intermediate Credit Bank Meaning & Definition

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Definition of Federal Intermediate Credit Bank

Federal Intermediate Credit Bank is a banking institution that provides short term financing to farmers for equipment.

Applying "Federal Intermediate Credit Bank" to Securities Exams:

The Federal Farm Credit System (FFCS)is a government agency that sells Farm Credit Securities in order to help provide financing for the agricultural industry. The Federal Intermediate Credit Banks are invloved in the process in that they provide money for tractors and equipment.

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