Electronic Code of Federal Regulations
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e-CFR data is current as of January 26, 2021 |
Title 12 → Chapter VI → Subchapter B → Part 621 → Subpart D → §621.13 |
Title 12: Banks and Banking
PART 621—ACCOUNTING AND REPORTING REQUIREMENTS
Subpart D—-Reports of Condition and Performance and Accounts and Exposures
§621.13 Content and standards—general rules.
Each institution, including the Federal Agricultural Mortgage Corporation, shall prepare reports of condition and performance:
(a) In accordance with all applicable laws, regulations, standards, and such instructions and specifications and on such media as may be prescribed by the Farm Credit Administration;
(b) In accordance with generally accepted accounting principles and such other accounting requirements, standards, and procedures as may be prescribed by the Farm Credit Administration; and
(c) In such manner as to facilitate their reconciliation with the books and records of reporting institutions.