Profiles of Existing Government Corporations - US Government ...

NAXE: Federal Land Bank Associations (FLBA8)
CORPORATION PROFILE
F-8
PURROSE: FLBAS (the Agricultural Credit Act of 1987 calls for
serglng PCAs and FLBAs) accept applications for Federal Land Bank
(FLB) loans and receive from such banks and disburse to the
borrowers, the proceeds of such loans. They provide technical
assistance to members, borrowers, applicants and other eligible
persons and make available to them such financial services
appropriate to their operations.
LEGAL AUTHORITY: 12 U.S.C. 2031-2034
2051-2055
2151-2260
DA!I'E CRRATED: July 17, 1916"
LEGISLATED TERXINATION DATE: Succession until dissolved by an
act of the Congress
LEGAL. STATUS: Hone spscifisd in the enabling legislationb
AGENCY STATUS: None spscifisd in the enabling legislation
BOARDOF DIRRCI'CRS: Not applicablec
ADVISORY BOARD wE)IBERs: Not applicable
PARENT AGENCY: None spscifisd in enabling lsgislation
AFFILUTED AGERCIES: The executive departments, commissions and
indspsndsnt sstablishmsnts of the U.S. government, the Federal
Deposit Insurance Corporation, the Comptrollsr of the Currency,
the Board of Govsrnors of the Federal Rsss~s System, and the
Federal Rsss~s Banks are authorized to make available upon the
Farm Credit Administration's (FCA) request, to FCA or any
institution of the Farm Credit System, all reports, records, or
other information on conditions of any organization rsceiving
loans or dsposits from such farm credit institution.
SD'DGET STATUS: Excluded fro8 the federal budget.
TREASURY STATUS: None specified in the enabling lsgislation
REPORTING STATUS: None specifisd in the snebling legislation
LITIGATION STATUS: FLRAs have the power to sue and be sued. No
information is available regarding lavsuits.