12 U.S.C. § 2277a–1

section 2153 of this titleThere 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 on behalf of one or more System banks all of which are entitled to the benefits of insurance under this part.