The Farm Credit System Insurance Corporation (FCSIC), an independent government-controlled corporation, insures the timely payment of principal and interest on the debt securities issued jointly by the four Farm Credit System banks used to finance the operations of the Farm Credit System.
FCSIC collects annual insurance premiums from each Farm Credit System bank as necessary to maintain the insurance fund at the level required by the Farm Credit Act.
The Farm Credit System Insurance Corporation (FCSIC) is overseen by a presidentially appointed, Senate-confirmed board of directors, including members of the Farm Credit Administration (FCA) Board. Jeffery S. Hall serves as Chairman of the FCSIC Board of Directors.
FCSIC’s primary investment objective is to ensure adequate liquidity to meet its mission and only secondarily to optimize the rate of return on the investment portfolio.
The Farm Credit System Insurance Corporation insures debt obligations within the Farm Credit System to protect investors and support agricultural lending.
Regulations issued by the Farm Credit System Insurance Corporation (FCSIC) Board cover administrative issues for FCSIC employees, the Privacy Act, assessment of FCS institution premiums, collection of claims, golden parachutes, and indemnification payments.
