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Electronic Code of Federal Regulations

e-CFR data is current as of January 16, 2020

Title 12Chapter VISubchapter BPart 621


TITLE 12—Banks and Banking

CHAPTER VI—FARM CREDIT ADMINISTRATION

SUBCHAPTER B—FARM CREDIT SYSTEM

PART 621—ACCOUNTING AND REPORTING REQUIREMENTS

rule

Subpart A—PURPOSE AND DEFINITIONS

§621.1
Purpose and applicability.
§621.2
Definitions.
rule

Subpart B—GENERAL RULES

§621.3
Application of generally accepted accounting principles.
§621.4
Audit by qualified public accountant.
§621.5
Accounting for the allowance for loan losses and chargeoffs.
rule

Subpart C—LOAN PERFORMANCE AND VALUATION ASSESSMENT

§621.6
Performance categories and other property owned.
§621.7
Rule of aggregation.
§621.8
Application of payments and income recognition on nonaccrual loans.
§621.9
Reinstatement to accrual status.
§621.10
Monitoring of performance categories and other property owned.
rule

Subpart D—-REPORTS OF CONDITION AND PERFORMANCE AND ACCOUNTS AND EXPOSURES

§621.12
Reports of condition and performance.
§621.13
Content and standards—general rules.
§621.14
Certification of correctness.
§621.15
Reports of accounts and exposures.
rule

Subpart E—AUDITOR INDEPENDENCE

§621.30
General.
§621.31
Non-audit services.
§621.32
Conflicts of interest and rotation.

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