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The Farm Credit System Insurance Corporation (Corporation) is a Federal government-controlled corporation established by the Agricultural Credit Act of 1987 (1987 Act). Congress created the Insurance Corporation to enhance the financial integrity of the Farm Credit System (System). The Corporation insures the timely payment of principal and interest on certain System notes, bonds, and other obligations issued to investors and is administered by a board of directors who serve concurrently as the Farm Credit Administration (FCA) Board. The Corporation also administers the Farm Credit Insurance Fund (the Fund) and collects annual insurance premiums from System banks.
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The Farm Credit System Insurance Corporation (Corporation) is a Federal government-controlled corporation established by the Agricultural Credit Act of 1987 (1987 Act). Congress created the Insurance Corporation to enhance the financial integrity of the Farm Credit System (System). The Corporation insures the timely payment of principal and interest on certain System notes, bonds, and other obligations issued to investors and is administered by a board of directors who serve concurrently as the Farm Credit Administration (FCA) Board. The Corporation also administers the Farm Credit Insurance Fund (the Fund) and collects annual insurance premiums from System banks.