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The Farm Credit Administration released its quarterly report on the ag economy and the performance of the Farm Credit System, whose growth is largely generated by tax free ag real estate lending.
Numbers: Gross loan volume has increased to $321 billion—a jump of 10 percent over a year ago—while total FCS assets exceed $400 billion.
Grassroots: ICBA is encouraging community bankers to urge Congress to support the Enhancing Credit Opportunities in Rural America (ECORA) Act (H.R. 1977), which would exempt from taxation interest income on farm real estate and rural mortgage loans.
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The Basel Committee on Banking Supervision published a public consultation document with preliminary proposals for the prudential treatment of banks' cryptoasset exposures.
ImageJun 11, 2021
As the G7 summit kicks off, the US has pledged 500 million doses of vaccine to be given to lower-income countries to help combat the coronavirus pandemic.
ImageJun 11, 2021
ICBA told Congress that postal banking is not the solution to reaching more unbanked Americans and lawmakers should reject such proposals.
ImageJun 10, 2021
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