Information about Federal bank for rural electric systems and Federal bank for rural telephone systems, as provided in bill sent to Congress which would also offer REA borrowers means of obtaining additional capital needed to meet future requirements, provide greater flexibility in use of loan funds, provide credit ladder by which borrowers can advance to paying full market cost of money for their financing, reduce cost of REA programs to Federal Government, preserve REA's honored objective of helping to create equal opportunity in our rural areas.

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