U.S. flagAn official website of the United States government
            Here's how you know **The .gov means it’s official.**
                  
                  Federal government websites always use a .gov or .mil domain. Before sharing sensitive information online, make sure you’re on a .gov or .mil site by inspecting your browser’s address (or “location”) bar.
 This site is also protected by an SSL (Secure Sockets Layer) certificate that’s been signed by the U.S. government. The **https://** means all transmitted data is encrypted  — in other words, any information or browsing history that you provide is transmitted securely.


Menu *Farm Credit System Insurance Corporation*


close Home
          
	
    
              
                About us
        
                  
                    General Information
              
          
	
    
              
    
    
              
                Leadership
              
          
	
    
              
    
    
              
                Mission & Values
              
          
	
    
              
    
    
              
                Strategic & Annual Plans
              
          
	
    
              
    
    
              
                Careers
              
          
	
    
              
    
    
              
                External Links
              
          
	
    
              
    
    
              
                Frequently Asked Questions
              
    
    
              
          
	
    
              
                Financials
        
                  
                    Financial Statements
              
          
	
    
              
    
    
              
                Annual Reports
              
          
	
    
              
    
    
              
                Investment Portfolio
              
    
    
              
          
	
    
              
                Insurance Fund
        
                  
                    Insurance Premiums
              
          
	
    
              
    
    
              
                Insurance Fund
              
    
    
              
          
	
    
              
                News & Events
        
                  
                    Releases
              
          
	
    
              
    
    
              
                Board Meetings
              
    
    
              
          
	
    
              
                Laws & Regulations
        
                  
                    Laws & Regulations
              
          
	
    
              
    
    
              
                Policies
              
          
	
    
              
    
    
              
                Regulations
              
    
    
              
          
	
    
              
                Special Notices
        
                  
                    Special Notices Enter search terms:
    Search
     Search Search
              Financial statements
 Protecting investors in agriculture and rural America


Skip to main content Skip to main content Home General information
 Print this page
 **About Us**
                  General InformationLeadershipMission & ValuesStrategic & Annual PlansCareersCompensationExternal LinksFrequently Asked Questions General information  Welcome to the Farm Credit System Insurance Corporation, the government insurer for Farm Credit System debt obligations.  Our mission is to protect investors in Farm Credit System debt and to facilitate the delivery of credit to agricultural borrowers. Here is an overview of the corporation and how we work with the Farm Credit System. What we do The Farm Credit System Insurance Corporation (FCSIC) is a Federal, government-controlled corporation established by the Agricultural Credit Act of 1987 (1987 Act). Congress created FCSIC to enhance the financial integrity of the Farm Credit System (System) by insuring the timely payment of principal and interest on certain System notes, bonds, and other obligations purchased by investors. FCSIC is administered by a board of directors who serve concurrently as the Board of the Farm Credit Administration (FCA). FCSIC’s Chairperson is elected by the other Board members, however cannot be the same person as the FCA Chairperson. What is the secure base amount? FCSIC administers the Farm Credit Insurance Fund (Insurance Fund) and collects annual insurance premiums from System banks. Congress directed FCSIC to build the Fund to a “secure base amount.” FCSIC collects premiums from System banks to maintain the Insurance Fund at the secure base amount, which is defined as 2 percent of the aggregate outstanding insured obligations of all insured banks, adjusted downward to reflect the System’s reduced risk on loans and investments backed by the full faith and credit of the U.S. Government or a state government. How we calculate the "secure base amount" Secure base amount calculation is adjusted insured debt multiplied by 2% Our other responsibilities FCSIC has additional mandatory and discretionary responsibilities.  They include: Ensure the retirement of eligible borrower stock at par value,
	Provide assistance (pdf) to System banks and direct lender associations suffering financial difficulties by providing loans or contributions, purchasing assets and debt securities, assuming liabilities, and facilitating consolidations and mergers,
	Serve as conservator or receiver of any System bank or association placed into conservatorship or receivership by the FCA Board, and
	Serve as conservator or receiver, when appropriate, for other organizations regulated by the FCA About the Farm Credit System 
 Learn more Please refer to the Funding Corporation web-site for additional information on Systemwide Debt Securities.


Return to top


Site Security
				
  						Accessibility
				
  						Data and Other Information
				
  						FOIA
				
  						Privacy
				
  						EEO
				
  						No FEAR Act Data
				
  						Vulnerability Disclosure Policy
				
  						Federal Employee Viewpoint Survey Results
				
  						Whistleblower Protection
				
  						Operating Status


You may copy FCSIC information without permission unless the material indicates otherwise. You must get permission to reproduce copyrighted materials from the original source (including photographs and graphics). Get Acrobat Reader
 RSS Our Address
              1501 FARM CREDIT DRIVE
MCLEAN, VA 22102
              (703) 883-4380
              [email protected]