Farm Credit System Insurance Corporation Board; Regular Meeting

SUMMARY:

Notice is hereby given of the regular meeting of the Farm Credit System Insurance Corporation Board (Board).

Date and Time: The meeting of the Board will be held at the offices of the Farm Credit Administration in McLean, Virginia, on December 14, 2006, from 9 a.m. until such time as the Board concludes its business.

FOR FURTHER INFORMATION CONTACT:

Roland E. Smith, Secretary to the Farm Credit System Insurance Corporation Board, (703) 883-4009, TTY (703) 883-4056.

ADDRESSES:

Farm Credit System Insurance Corporation, 1501 Farm Credit Drive, McLean, Virginia 22102.

SUPPLEMENTARY INFORMATION:

Parts of this meeting of the Board will be open to the public (limited space available) and parts will be closed to the public. In order to increase the accessibility to Board meetings, persons requiring assistance should make arrangements in advance. The matters to be considered at the meeting are:

Open Session

A. Approval of Minutes

• September 21, 2006 (Regular Meeting).

B. Business Reports

• September 30, 2006 Financial Reports.
• Report on Insured and Other Obligations.
• Quarterly Report on Annual Performance Plan.

C. New Business

• Policy on Internal Controls and Audit Coverage and the Audit Charter.
• Civil Money Penalties for Inflation.

Closed Session

• Confidential Report on System Performance.
• Audit Plan for the Year Ended December 31, 2006.