Search Results for keywords:"Farm Credit System Insurance Corporation"

Found 8 results

Search Results: keywords:"Farm Credit System Insurance Corporation"

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  • 2025-05506 — Board of Directors Meeting
    Type:Notice
    Citation:90 FR 14256
    Reading Time:about a minute or two

    The Farm Credit System Insurance Corporation (FCSIC) will hold its regular Board of Directors meeting on April 9, 2025, at 10 a.m. People can attend in person at the McLean, Virginia office or virtually by registering in advance through the FCSIC website. Parts of the meeting are open to the public and include discussions on quarterly financial and performance reports, while other parts will be closed, focusing on insurance risk and audit results. Ashley Waldron, Secretary to the Board, provides further contact information for any questions.

    Simple Explanation

    The Farm Credit System Insurance Corporation is having a special meeting on April 9th, 2025, where grown-ups will talk about how well they are doing with money. Some parts are like a secret club, but others you can watch, either by going there or watching online.

  • 2025-02757 — Board of Directors Meeting
    Type:Notice
    Citation:90 FR 9901
    Reading Time:about a minute or two

    The Farm Credit System Insurance Corporation (FCSIC) has announced a change to the date of their Board of Directors meeting. The meeting, originally set for February 12, 2025, will now take place on March 12, 2025, at 10 a.m. Participants can attend in person in McLean, Virginia, or virtually by registering 24 hours in advance on the FCSIC website. Ashley Waldron, Secretary to the Board, is available for further inquiries related to the meeting.

    Simple Explanation

    The Farm Credit System Insurance Corporation has changed when their meeting will happen – it's now planned for March 12 instead of February 12. People can join in person in Virginia or online, and if they have questions, they can ask someone named Ashley Waldron.

  • 2024-28774 — Board of Directors Meeting
    Type:Notice
    Citation:89 FR 97610
    Reading Time:about a minute or two

    The Farm Credit System Insurance Corporation (FCSIC) announced an upcoming regular meeting of its Board of Directors, scheduled for 10 a.m. on December 11, 2024. The meeting will take place both in person at their McLean, Virginia office and virtually, with instructions for virtual attendance available on the FCSIC website. Parts of the meeting will be open to the public, including discussions on financial reports and policy statements, while other segments will be closed, covering topics like insurance risk and audit plans. For further information or accessibility needs, individuals are encouraged to contact Ashley Waldron, the Secretary to the Board.

    Simple Explanation

    The Farm Credit System Insurance Corporation is having a big meeting soon, where some parts are open to everyone to watch, like talking about money and plans. But some parts will be secret and only special people can join, like when they talk about safety and checking plans.

  • 2025-00574 — Rules of Practice and Procedure; Adjusting Civil Money Penalties for Inflation
    💰
    Type:Rule
    Citation:90 FR 2922
    Reading Time:about 4 minutes

    The Farm Credit System Insurance Corporation (FCSIC) has issued a final rule addressing adjustments to civil money penalties (CMPs), in compliance with the 2015 amendments to the Federal Civil Penalties Inflation Adjustment Act of 1990. These adjustments ensure that penalties remain effective as a deterrent by accounting for inflation, with new amounts applying from January 15, 2025, for any conduct from November 2, 2015, onward. The updated penalty for violations under section 5.65(c) or (d) of the Farm Credit Act is $264 per day. This rule bypasses standard procedure for public comment due to statutory requirements.

    Simple Explanation

    The Farm Credit System Insurance Corporation has decided to make the money penalties bigger to keep up with price changes over time, kind of like making an allowance bigger as things get more expensive. They did this because the rules say they have to, and starting January 15, 2025, breaking certain rules will cost $264 each day.

  • 2021-01495 — Regular Meeting; Farm Credit System Insurance Corporation Board
    Type:Notice
    Citation:86 FR 6879
    Reading Time:about a minute or two

    The Farm Credit System Insurance Corporation (FCSIC) has announced a regular virtual meeting of its Board of Directors scheduled for January 28, 2021, due to the COVID-19 pandemic. The meeting will include approval of previous meeting minutes, a review of insurance premium rates, and policy statements on various issues. Parts of the meeting will be open to the public, while others will be closed, including discussions on contracts and an annual whistleblower report. Interested individuals can find more details and instructions for attending on the FCSIC website.

    Simple Explanation

    The Farm Credit System Insurance Corporation is having a video meeting on January 28, 2021, where some parts will be like show-and-tell for everyone, and others will be like a secret club. Some people want to know more about what they'll talk about, like money plans and why some parts are kept secret, but they need to check the website to find out how to join the meeting.

  • 2025-03471 — Board of Directors Meeting
    Type:Notice
    Citation:90 FR 11166
    Reading Time:about a minute or two

    The Farm Credit System Insurance Corporation (FCSIC) announced a regular meeting of its Board of Directors scheduled for March 12, 2025, at 10 a.m. This meeting will have both public and closed portions, with public sessions available for observation in person or online. Topics for the public portion include the approval of December 2024 minutes and discussions on insurance reserves and policy statements. The closed portion will cover reports on liquidity exercises, contract activities, and whistleblower issues.

    Simple Explanation

    The Farm Credit System Insurance Corporation (FCSIC) is having an important meeting on March 12, 2025. Part of it is for everyone to watch, like discussing money plans, and part of it is private, where they'll talk about serious stuff like secret reports and contracts.

  • 2025-02047 — Board of Directors Meeting
    Type:Notice
    Citation:90 FR 8715
    Reading Time:less than a minute

    The Farm Credit System Insurance Corporation (FCSIC) is holding a regular Board of Directors meeting at 10 a.m. on February 12, 2025. The meeting, taking place in McLean, Virginia, can be attended in person or virtually. Some parts of the meeting will be open to the public, while others will be closed. Discussion items include approving previous meeting minutes, setting insurance rates, and reviewing reports on various activities.

    Simple Explanation

    The Farm Credit System Insurance Corporation is having a meeting on February 12 to talk about important topics. Some parts of the meeting are open for anyone to watch, but some parts are private, like a secret meeting.

  • 2021-01578 — Rules of Practice and Procedure; Adjusting Civil Money Penalties for Inflation
    💰
    Type:Rule
    Citation:86 FR 8854
    Reading Time:about 5 minutes

    The Farm Credit System Insurance Corporation (FCSIC) has issued a final rule to update the civil money penalties they can impose, adjusting them for inflation. This adjustment is required by a 2015 law that aims to keep penalties effective by considering inflation. The regulation specifies that for any violations related to the Farm Credit Act, fines can increase to a maximum of $217 per day. The new penalty rates will apply to violations assessed on or after January 15, 2021, for conduct dating back to November 2, 2015.

    Simple Explanation

    The Farm Credit System Insurance Corporation has updated their money penalties to keep up with price changes over time. Now, if someone breaks the rules, they might have to pay up to $217 each day, starting from things they did wrong back in late 2015.