Show the farm credit administration began egan functioning on ala may y 27 21 as provided for in president Roosevel ts executive order issued march 27 1933 the agencies to be cons ollda ted under the new administration include the federal farm doard board the fede federal ral farm loan bureau breau which hits has jurisdiction over the federal land banks joint stock land banks and intermediate credit banks the regional agricultural credit corporations of tha he reconstruction st finance corporation and the crop production loan division of the united states department 0 ofa ag rl culture the tam farm mortgage section be farm act makes it possible to td lower the interest rates on both old and naw new loans loani and to permit borrowers generally to extend payment on the ithe principal of their loans from the federal land banks and to loan money moner directly to farmers in districts where there are no national farm loan asso clamons through which applications may be accepted it also provides for farm loan commissioners loans to be continued on page 5 ftc I 1 |