OCR Text |
Show FARM LOAN BOARD V ' " -APROVES LOANS i A review of the flrst'year of oper- ation or the Federal Farm Loan System Sys-tem shows that 2808 national farm loan associations were (Incorporated , representing about four association were Incorporated, representing: about four associations to each,' five counties of the United States. They- " average 20 members, or a total mem- l berahlp of about 56,000 farmers. The 12 land banks have received, applications for over 120,000 loans, amounting to about $300,000,000. About 80,000 loans, amounting to over ,1160,000,000, have been approved ap-proved and, on 30,000 of these loans over $80)000,0 has been paid to the, farmers. . b |