Warehouse Act of 1916

Warehouse Act of 1916

Other short titles	United States Warehouse Act
Nicknames	Agricultural Department Appropriations Act of 1916
Enacted by	the 64th United States Congress
Effective	August 11, 1916
Citations
Public law	64-190
Statutes at Large	39 Stat. 446a aka 39 Stat. 486
Codification
Titles amended	7 U.S.C.: Agriculture
U.S.C. sections created	7 U.S.C. ch. 10 § 241 et seq.
Legislative history
Introduced in the House as H.R. 12717 by Asbury Francis Lever (D-SC) on March 4, 1916 Passed the House on May 2, 1916 (292-42) Passed the Senate on July 12, 1916 (31-27) Reported by the joint conference committee on July 18, 1916; agreed to by the House on August 3, 1916 (Agreed) and by the Senate on August 3, 1916 (34-25) Signed into law by President Woodrow Wilson on August 11, 1916

The Warehouse Act of 1916 permitted Federal Reserve member banks to give loans to farmers on the security of their staple crops which were kept in Federal storage units as collateral.^[1]