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FCSIC Board votes to return excess funds to Farm Credit System institutions and retire all Financial Assistance Corporation stock.

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The Farm Credit System Insurance Corporation (FCSIC) is an independent U.S. Government-controlled corporation. FCSIC’s primary purpose is to insure the timely payment of principal and interest on insured debt obligations issued on behalf of Farm Credit System (System) banks.

The System is a nationwide Government-sponsored enterprise of privately owned banks and affiliated associations that serve agricultural borrowers and rural communities. The System banks issue insured debt securities to finance the System’s loans, leases and operations. By protecting investors who purchase the insured debt, FCSIC helps to maintain a dependable source of funds for the farmers, ranchers, and other borrowers of the System.