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Show j Farm Loan Assn. Officers ; Attend Conference I J. M. Palmer, vice president, and B. Glen Kenney, secretary-treasurer secretary-treasurer and manager of the Cedar City National Farm Loan Association, spent Thursday and Friday of last week in Salt Lake City, attending a conference of directors of national farm loan associations in Utah. The meeting meet-ing was devoted to discussing ways and means of improving the service rendered farmers and means of improving the service rendered farmers and ranchers by these co-operative lending organizations or-ganizations through which land bank loans are made. Of particular interest was the discussion of the new Farm Credit Cre-dit Act, which provides for more farmer control of the land bank system through the national farm loan associations. I Walter C. Dean, president of 'the Federal Land Bank of Berkeley, Berke-ley, which is owned by the 53 national farm loan associations in Utah, Nevada, Arizona, and California, reported that the financial fi-nancial condition of the bank is the best in its history. In making his report, Mr. Dean expresses satisfaction over the enthusiastic enthusias-tic response to the issue of consolidated con-solidated Federal farm loan bonds offered to the investing public for delivery Nov. 2, 1953. He reported that the $75,500,000 issue, in which the Federal Land Bank of Berkeley participated to the extent of $4,500,000, sold at a premium and was oversubscribed by more than $400,000,000. |
