Insured Debt

FCSIC insures repayment of debt obligations jointly issued to investors by the four Farm Credit System banks. These System bank obligations (sometimes referred to as “Systemwide bonds”), are issued through the banks’ agent, the Federal Farm Credit Banks Funding Corporation, and are the primary source of funds used by Farm Credit System institutions. FCSIC does not insure anything else.

FCSIC insurance is limited to the amounts that we have in our fund. If losses exceed what’s available in FCSIC’s Insurance Fund, then the assets of the remaining Farm Credit System banks will be called upon to pay the insured bonds. 

Final Trend Analysis of Outstanding Insured Obligations (PDF)

For more information about insured Systemwide debt securities, see the Federal Farm Credit Banks Funding Corporation’s website.