Title 12, Banks and BankingRelease 119-73not60
§2277a–1 Establishment of Farm Credit System Insurance Corporation
Title 12 › Chapter 23— FARM CREDIT SYSTEM › Subchapter V— FARM CREDIT ADMINISTRATION ORGANIZATION › Part E— Farm Credit System Insurance Corporation › § 2277a–1
Summary
Creates the Farm Credit System Insurance Corporation. It must insure timely payment of principal and interest on bonds and similar obligations issued for System banks that are covered by this insurance.
Full Legal Text
Title 12, §2277a–1
Banks and Banking, Source: USLM XML via OLRC
There is hereby established the Farm Credit System Insurance Corporation which shall insure, in accordance with this part, the timely payment of principal and interest on notes, bonds, debentures, and other obligations issued under subsection (c) or (d) of section 2153 of this title on behalf of one or more System banks all of which are entitled to the benefits of insurance under this part.
Reference
Citations & Metadata
Citation
12 U.S.C. § 2277a–1
Title 12, Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60