Farm Credit System Insurance Corporation

Farm Credit System Insurance Corporation Type: Government Corporation Parent organization: Employees: 10 Executive: Chairman of the Board Budget: Funded by insurance premiums from Farm Credit System banks, no direct federal appropriations. Address: 1501 Farm Credit Drive, McLean, VA 22102, USA Website: https://www.fcsic.gov/ Creation Legislation: Agricultural Credit Act of 1987 Wikipedia: Farm Credit System Insurance Corporation

Farm Credit System Insurance Corporation [{"name":"Farm Credit System Insurance Corporation","title":"\u003Ca class=\"mw-selflink selflink\"\u003EFarm Credit System Insurance Corporation\u003C\/a\u003E","lat":38.93167,"lon":-77.20212,"otherValues":{"HeadquartersAddress":"1501 Farm Credit Drive, McLean, VA 22102, USA"}}] This map created from a Cargo query ()

Mission To insure the timely payment of principal and interest on debt securities issued by Farm Credit System banks, thereby ensuring a dependable source of credit for agricultural borrowers.

Services Insurance of Farm Credit System debt obligations

Regulations

Farm Credit System Insurance Corporation (FCSIC) is a government-controlled corporation established to insure the debt obligations of the Farm Credit System (FCS), providing a safety net for investors in FCS securities and ensuring credit availability to America's agricultural sector.

Official Site

Mission

The Farm Credit System Insurance Corporation's mission is to insure the timely payment of principal and interest on debt securities issued by Farm Credit System banks. This insurance helps to maintain investor confidence and supports the FCS in providing a dependable source of credit to farmers, ranchers, and other agricultural borrowers.

Parent organization

FCSIC does not have a parent organization; it operates independently but is closely associated with the Farm Credit System, managed by the Farm Credit Administration.

Legislation

The FCSIC was established by the Agricultural Credit Act of 1987.

Partners

• Farm Credit System
• Farm Credit Administration

Number of employees

FCSIC has around 10 employees.

Organization structure

• Board of Directors consists of members who also serve on the Farm Credit Administration Board, ensuring policy alignment between insurance and regulatory oversight.
• Risk Management Division is responsible for assessing and managing risks associated with the insurance of FCS debt.

List of programs

• Insurance of FCS debt securities
• Management of the Farm Credit Insurance Fund

Last total enacted budget

FCSIC does not have a traditional budget as it is funded through premiums collected from Farm Credit System banks.

Leader

The leader of FCSIC holds the title of Chairman of the Board.

Services provided

FCSIC insures the timely payment of principal and interest on debt securities issued by FCS banks, thereby protecting investors and ensuring that credit remains available for agricultural borrowers. The corporation also manages the Farm Credit Insurance Fund, which is used to fulfill these obligations if a bank cannot.

Regulations overseen

FCSIC does not oversee regulations but operates under the oversight of the Farm Credit Administration, which sets regulations for the Farm Credit System.

Headquarters address

1501 Farm Credit Drive, McLean, VA 22102, USA

Website

https://www.fcsic.gov/

Wikipedia article

wikipedia:Farm Credit System Insurance Corporation

External links

• https://www.fcsic.gov/
• Farm Credit System on Wikipedia