Several theories of externalities and asymmetric information suggest a positive role for government programs to assist credit markets, though potential distortions by special interests carry attendant dangers. The authors examine the empirical association between funding by several federal...

Increased competition within the financial services industry has raised concerns about the ability of small banks to adequately fund local rural development. To address these concerns, the Gramm-Leach-Bliley Act of 1999 broadened small-bank access to Federal Home Loan Bank (FHLB) financing....

Changes within the financial services industry have raised concerns about the ability of agricultural banks to adequately fund local rural development. To address these concerns, the Gramm‐Leach‐Bliley Act of 1999 broadened agricultural bank access to Federal Home Loan Bank (FHLB) financing....