Condition of Federal land-bank loans outstanding Mar. 31, 1940-Continued Federal land banks and Federal Farm Mortgage Corporation, real-estate acquirements, Jan. 1, 1933, through Mar. 31, 1940 1 In order to avoid duplication properties acquired by voluntary deed from the Federal Farm Mortgage Corporation have been excluded (partially estimated). Federal land banks and Federal Farm Mortgage Corporation, real-estate acquirements, Jan. 1, 1933, through Mar. 31, 1940-Continued 1 In order to avoid duplication properties acquired by voluntary deed from the Federal Farm Mortgage Corporation have been excluded (partially estimated). Federal land banks and Federal Farm Mortgage Corporation, real-estate acquirements, Jan. 1, 1933, through Mar. 31, 1940-Continued 1 In order to avoid duplication, properties acquired by voluntary deed from the Federal Farm Mortgage Corporation have been excluded (partially estimated). i to order to waoid duplication properties acquired by voluntary deed from the Federal Farm Mortgage Corporation have been excluded (partially estimated). BECTION FROM THE ADMINISTRATIVE MANUAL OF THE FARM CREDIT ADMINISTRATION HAVING TO DO WITH THE FISCAL MANAGEMENT OF THE FEDERAL LAND BANKS INSOFAR AS LOANS ARE CONCERNED [Figures in brackets refer to sections] FEDERAL LAND BANK LOANS DIRECT LOANS, PURCHASE OF MORTGAGES FROM JOINT STOCK LAND BANKS [84] The foregoing provisions requiring notice to mortgagors of their right to refinancing are not intended to apply to cases of mortgagors ineligible for Federal land bank loans. The Federal land banks should not purchase mortgages from joint stock land banks where the mortgagors are corporations which would be Ineligible for Federal land-bank loans. [485] Mortgages so purchased if previously approved as collateral security for the bonds of the selling bank may be accepted as collateral security for the bonds of the purchasing bank unless such approval has been later withdrawn. This rule is applicable irrespective of whether or not the owner of the property covered by the mortgage is eligible for a Federal land-bank loan. In any instance, however, |