Show LAND BANK CONTINUES REDUCED INTEREST RATES farmers will get the benefit immediately of the co continued reduced interest rate on federal land bank and commissioner loans as provid ed by action of congress Can gress and approved by president Roo roosevelt tevelL the reduced rate of 3 avi per cent on in federal land bank loans will be continued under this legislation for r V two year period ending june 30 1942 and the rate on land bank commissioner loans will be reduced during this period from 4 to 31 3 per cent approximately of federal federa iland land bank and commissioner loans are outstanding originally written at rates averaging about 5 per cent the di difference ference between the original rates an and d the reduced rates will mean a savin saving 9 to farmers era of about a year |