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Oct. 14, 2024 Source: Farm Credit System Insurance Corporation news release McLEAN, Va., -- The Farm Credit System Insurance Corporation has revised its primary logo to incorporate the great seal of the United States. The revised logo better reflects FCSIC's role as a U.S. government entity and includes the date (1988) of its creation by Congress. FCSIC has also made major revisions to the content on its website (FCSIC.gov). The backbone of FCSIC's revised website is a greatly expanded and comprehensive set of frequently asked questions organized under the following categories: The Basics, which explains, among other things, how FCSIC protects investors in Farm Credit System debt How FCSIC insurance works The Farm Credit System The Farm Credit Insurance Fund FCSIC insurance premiums FCSIC operations FCSIC's role with troubled Farm Credit System institutions As stewards of over $7.8 billion of government funds in the Farm Credit Insurance Fund, FCSIC is committed to operating transparently by providing significant information to the public about its Insurance Fund. FCSIC's website has long included extensive financial information, including audited annual financial statements, annual reports, and unaudited quarterly financial statements. The corporation has now added the following financial information: The most current quarterly "secure base" (the Insurance Fund's statutory target) calculation The most current quarterly trend analysis of insured obligations, showing changes in outstanding insured debt Estimation of the impact of FCSIC's investment returns on premium rates Additional information on FCSIC's investment of the Insurance Fund, including a link to the Treasury Direct website where every FCSIC investment is disclosed FCSIC management's annual letter to the U.S. president assessing its internal controls in compliance with the Federal Managers' Financial Integrity Act of 1982 Link to the Treasury's annual governmentwide financial report, which incorporates FCSIC's financial information (consolidated into the U.S. government's financial statements and audited separately as part of a "special purpose audit") Finally, FCSIC has added a new Risk Management section, which includes information on the following: FCSIC's risk profile Major categories of risk monitored by FCSIC Loss protection layers for System investors Tweet |
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