FEDERAL FARM LOAN BONDS 



For Investors— Large and Small 



These bonds should command your attention 



THEY bear five per cent interest, payable semiannually, May and 

 November, and are exepnpt from a'.l taxation — Federal, State, 

 Municipal and local. The income from them i3 also exempt. Issued 

 m denominations of $25, $50, $100, $500 and $1,000, in either coupon 

 or registered form. 



They are acceptable at par as security for all public deposits, and are 

 legal investments under the laws of the United States and a majority 

 of the States. 



They are instrumentalities cf the Government of the United States 

 and protected from counterfeiting, the same as money. 



Federal Farm Loan Bonds issued by the Federal Land Banks are 

 secured, dollar for dollar, by the pledge of first mortgages on farm 

 lands, cultivated by the owner, worth at least twice the amount of 

 the mortgage. That is to say — $100,000 of Farm Loan Bonds have 

 behind them $100,000 of mortgages which are first liens on at least 

 $200,000 of farm lands. In addition to this security, the prompt pay- 

 ment of principal and interest is guaranteed by the capital of the 

 issuing Bank ($900,000 to $1,500,000) and the joint liability cf all 

 1 2 Federal Land Banks for every Bond issued by any one of their 

 number. 



All appraisements are made by Federal appraisers, and each loan is 

 approved by the Federal Farm Loan Board at Washington, 



The financing of the farmer is a great national task. Through Federal 

 Farm Loan Bonds it is done with profit to the investor and for the 

 upbuilding of the agricultural, financial, commercial and industrial 

 power of the Nation. 



Buy Federal Farm Loan Bonds from any one of ihc Federal 

 Land Banks, located respectively at: 



Springfield, Mass. Baltimore, Md. Columbia, S. C. 



Louisville, Ky. Hew Orleans, La. St. Louis, Mo. 



St. Paul, Minn. Omaha, Neb. Wichita, Kan. 



Houston, Texas Berkeley, Cal. Spokane, Wash. 



Orders may be transmitted through any investment banker, or 

 recognized broker, or through almost any National Bank, State 

 Bank, Trust Company, or the 



— — Federal Farm Loan Board 



Treasury Department Washington, D. C. 

 Contributed by Gleanings in Bee Culture, Medina, Ohio. 





