News releases & notifications
FCSIC Notice of Regular Board Meeting October 9, 2024
October 01, 2024
Notice of the forthcoming regular meeting of the Board of Directors of the Farm Credit System Insurance Corporation (FCSIC) is hereby given in accordance with the provisions of Article VI of the Bylaws of the FCSIC.
Read the entire notification of the October 9, 2024 Board meeting (PDF).
FCSIC Board of Directors Approves the Mid-Year 2024 Premium Review - July 10, 2024
July 12, 2024
At its July meeting, the Insurance Corporation’s Board of Directors voted to maintain the insurance premium accrual assessment rate on Systemwide adjusted insured debt at 10 basis points for the remainder of the year. We believe that maintaining the insurance premium assessment rate at 10 basis points is prudent and will allow the Insurance Fund to reach the required 2 percent target at year-end based on anticipated growth of insured debt. In addition, the board has decided to continue assessing 10 basis points on nonaccrual loans and other-than-temporarily impaired investments.
Read the full news release (PDF)
FCSIC Notice of Regular Board Meeting July 10, 2024
June 26, 2024
Notice of the forthcoming regular meeting of the Board of Directors of the Farm Credit System Insurance Corporation (FCSIC) is hereby given in accordance with the provisions of Article VI of the Bylaws of the FCSIC.
Read the entire notification of the July 10, 2024 Board meeting (PDF).
2023 FCSIC Annual Report is available
May 18, 2024
The 2023 FCSIC Annual Report is available for download from the Annual Reports page.
FCSIC Notice of Regular Board Meeting April 10, 2024
April 05, 2024
Notice of the forthcoming regular meeting of the Board of Directors of the Farm Credit System Insurance Corporation (FCSIC) is hereby given in accordance with the provisions of Article VI of the Bylaws of the FCSIC.
Read the entire notification of the April 10, 2024 Board meeting (PDF).
Audited Financial Statements for the Years Ending December 31, 2023 and 2022
February 28, 2024
The audited financial statemtents for the years ending December 31, 2023 and 2022 are available for download.
Download the full report (pdf)
Board Approves Premium Accrual Rates for 2024
February 07, 2024
The Farm Credit System Insurance Corporation (Corporation or FCSIC) Board has approved a reduction in the insurance premium assessment rate on adjusted insured debt to 10 basis points for 2024 from 18 basis points in 2023. The Board also approved continuing the assessment of 10 basis points on nonaccrual loans and other-than-temporarily impaired investments.
Read the full memorandum here (pdf)
FCSIC Notice of Regular Board Meeting February 7, 2024
January 25, 2024
Notice of the forthcoming regular meeting of the Board of Directors of the Farm Credit System Insurance Corporation (FCSIC) is hereby given in accordance with the provisions of Article VI of the Bylaws of the FCSIC.
Read the entire notification of the February 7, 2024 Board meeting (PDF).
Update to Part 1411—Rules of Practice and Procedure
January 17, 2024
In accordance with the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended, a civil money penalty imposed pursuant to section 5.65(c) or (d) of the Farm Credit Act of 1971, as amended, shall not exceed $257 per day for each day the violation continues.
Read the revised regulation here.
FCSIC Notice of Regular Board Meeting December 13, 2023
November 30, 2023
Notice of the forthcoming regular meeting of the Board of Directors of the Farm Credit System Insurance Corporation (FCSIC) is hereby given in accordance with the provisions of Article VI of the Bylaws of the FCSIC.
Read the entire notification of the December 13, 2023 Board meeting (PDF).