Business and Personal Finance Dictionary

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• FEDERAL INTERMEDIATE CREDIT BANK (FICB)
  
  The FICB is a group of twelve banks authorized to make loans to farmers. The money is to be used for expenses, machinery, and livestock. The loans may not run for more than 10 years. These are not direct obligations of the U.S. government. They are, however, considered moral obligations of the U.S. government. Interest received by investors is free from state and local taxes but not federal income tax.
  
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