Farm Credit System: Analysis and Comment on Possible New Insurance Corporation Powers
GGD-96-144
Published: Aug 05, 1996. Publicly Released: Aug 05, 1996.
Skip to Highlights
Highlights
Pursuant to a legislative requirement, GAO reviewed the appropriateness and major advantages of three proposals to increase the Farm Credit System Insurance Corporation's (FCSIC) oversight powers over its Insurance Fund.
Recommendations
Matter for Congressional Consideration
| Matter | Status | Comments |
|---|---|---|
| While FCSIC should continue to be required to repay the entire amount of government funds, until this occurs, Congress should require FCSIC to pay interest to the government on the unpaid balance of the original $260 million that was transferred to it in 1989. |
Closed – Not Implemented
|
No action has been taken at this time. |
Full Report
Office of Public Affairs
Topics
Agricultural policiesBank managementCapitalCredit insuranceFarm creditFarm credit banksFarm income stabilization programsFederal corporationsInsurance premiumsRisk management