National Geographic : 1926 Feb
For the Foundation of Your Investment Structure tEDERAL Land Bank Bonds belong at the very foundation of your financial structure, along with your life-insurance policy and U. S. Gov ernment Bonds. They are one of the very few securities which you can safely stow away in your deposit box and "forget" until they are called for redemption. They yield a fair rate of interest, paid unfailingly twice yearly. Federal Land Bank Bonds have all the advantages of a guaranteed investment, plus maximum diversification. They are issued against massed first installment mortgages assembled from several States, no mortgage exceeding $25,000 in amount. These Bonds are guaranteed jointly by the twelve Fed eral Land Banks, with combined capital ex ceeding $53,000,000, reinforced by the liabil ity of the stockholders for an equal sum. FEDERAL LAND BANK BONDS Safe-Standardized-Stabilized The interests of the bondholders are fully protected through the participation of the U. S. Government in the management of the Federal Land Banks. The Government is directly represented on each Board of Di rectors, although assuming no financial obli gation. The record of these Banks through eight years of active operation demonstrates that the legal spread of 1% between the bond interest rate and the rate charged borrowers is ample to meet expenses, build adequate reserves and pay a fair return to the stock holders in the form of dividends. The present average net monthly earnings of the Federal Land Banks considerably exceed $700,000. The management of the Banks is in the hands of men trained in banking procedure and thoroughly familiar with agricultural conditions in their respective regions. New Orleans, La. St. Paul, Minn. Federal Land Bank Bonds are "instru mentalities of the Government of the United States" enjoying complete exemption from "Federal, State, Municipal and local taxa tion." This exemption extends to the in come from the Bonds. Federal Land Bank Bonds command a ready market at all times with as little fluctuation as Government Bonds. They are eligible for the investment of fiduciary and trust funds under Federal administra tion. They are also acceptable as security for all public deposits, including Postal Savings. Put a block of Federal Land Bank Bonds into the foundation of your financial structure and be prepared for any emergency that may arise. You can buy Federal Land Bank Bonds directly from any Federal Land Bank or from the Fiscal Agent in denominations of $10,000, $5,000, $1,000, $500, $100 and $40. Coupon or registered form, interchangeable. Federal Land Banks are located at Wichita, Kans. St. Louis, Mo. Berkeley, Calif. Omaha, Nebr. Baltimore, Md. Columbia, S. C. Houston, Texas Spokane, Wash. Write today for Federal Farm Loan Board Circular No. 16, descriptive of these Bonds, addressing nearest Federal Land Bank or CHAS. E . LOBDELL, Fiscal Agent FEDERAL LAND BANKS Washington, D. C. PRESS OF JUDD a DETWEILER. INC. WASHINGTON. D. C. Springfield, Mass. Louisville, Ky.