12 CFR § 611.1157 - Disclosure and reporting requirements.

---
identifier: "/us/cfr/t12/s611.1157"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 611.1157 - Disclosure and reporting requirements."
title_number: 12
title_name: "Banks and Banking"
section_number: "611.1157"
section_name: "Disclosure and reporting requirements."
chapter_name: "FARM CREDIT ADMINISTRATION"
subchapter_number: "B"
subchapter_name: "FARM CREDIT SYSTEM"
part_number: "611"
part_name: "ORGANIZATION"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "Secs. 1.2, 1.3, 1.4, 1.5, 1.12, 1.13, 2.0, 2.1, 2.2, 2.10, 2.11, 2.12, 3.0, 3.1, 3.2, 3.3, 3.7, 3.8, 3.9, 4.3A, 4.12, 4.12A, 4.15, 4.20, 4.25, 4.26, 4.27, 4.28A, 5.9, 5.17, 5.25, 7.0-7.3, 7.6-7.13, 8.5(e) of the Farm Credit Act (12 U.S.C. 2002, 2011, 2012, 2013, 2020, 2021, 2071, 2072, 2073, 2091, 2092, 2093, 2121, 2122, 2123, 2124, 2128, 2129, 2130, 2154a, 2183, 2184, 2203, 2208, 2211, 2212, 2213, 2214, 2243, 2252, 2261, 2279a-2279a-3, 2279b-2279f-1, 2279aa-5(e)); secs. 411 and 412, Pub. L. 100-233, 101 Stat. 1568, 1638, as amended by secs. 403 and 404, Pub. L. 100-399, 102 Stat. 989, 999 (12 U.S.C. 2071 note and 2202 note)."
regulatory_source: "37 FR 11415, June 7, 1972, unless otherwise noted."
cfr_part: "611"
---


# 611.1157 Disclosure and reporting requirements.

(a) *Annual report to shareholders.* In its annual report to shareholders, as set forth in § 620.5(a)(11) of this chapter, a System institution must provide information on its UBE investment and business activity.

(b) *Periodic reports as directed.* As directed by FCA, a System institution must submit periodic reports to FCA on any equity investment in a UBE or UBE status as provided under § 621.12 of this chapter, and in accordance with §§ 621.13 and 621.14 of this chapter.

(c) *Dissolution of a UBE.* A System institution must submit a timely report to FCA on the dissolution of a UBE that it controls.

[78 FR 31831, May 28, 2013, as amended at 91 FR 3029, Jan. 26, 2026]