Current through October 31, 2024
Section 621.13 - Content and standards-general rulesEach 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.