12 CFR § 621.13 - Content and standards—general rules.

---
identifier: "/us/cfr/t12/s621.13"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 621.13 - Content and standards—general rules."
title_number: 12
title_name: "Banks and Banking"
section_number: "621.13"
section_name: "Content and standards—general rules."
chapter_name: "FARM CREDIT ADMINISTRATION"
subchapter_number: "B"
subchapter_name: "FARM CREDIT SYSTEM"
part_number: "621"
part_name: "ACCOUNTING AND REPORTING REQUIREMENTS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
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-11); Pub. L. 102-552, 106 Stat. 4102, 4134."
regulatory_source: "58 FR 48786, Sept. 20, 1993, unless otherwise noted."
cfr_part: "621"
---


# 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.