Federal Intermediate Credit Bank

Definition - What does Federal Intermediate Credit Bank mean?

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

Testopedia explains Federal Intermediate Credit Bank

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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