360, enacted July 17, 1916) was a United States federal law aimed at increasing credit to rural family farmers.

Four years later, Presidents William Howard Taft and Woodrow Wilson sent a commission of Americans to study cooperative credit systems for farmers in Europe.

Components of such European programs at the time included cooperative land-mortgage banks and rural credit unions.

In addition, the maximum rate of interest on the bonds was 6 percent, ensuring that borrowing costs for farmers was often much lower than before the Act was passed.

Sponsored by Senator Henry F. Hollis (D) of New Hampshire and Representative Asbury F. Lever (D) of South Carolina, it was a reintroduced version of the Hollis-Bulkley Act of 1914 that had not passed Congress due to Wilson's opposition.

Stock ownership of the banks were held by national farm loan associations and other interested investors, including any individual, corporation or fund.

In the case of insufficient capital, the U.S. Treasury (through the Federal Farm Loan Board) made up the difference.

National Farm Loan Associations were established groups of 10 or more mortgage-holding farmers who together owned 5% or more of a federal land bank.