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.
authority: Secs. 5.17, 5.19, 5.22A, 8.11 of the Farm Credit Act (
12 U.S.C. 2183,
2202,
2202a,
2202d,
2252,
2257a,
2279aa; Pub. L. 102-552, 106 Stat. 4102, 4134
source: 58 FR 48786, Sept. 20, 1993, unless otherwise noted.
cite as: 12 CFR 621.13