---
kind: "section"
citation: "12 C.F.R. § 621.13"
title: "12"
number: "621.13"
heading: "Content and standards—general rules."
url: "https://uscodex.org/cfr/12/621.13"
---

# §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.

## Notes

### Authority

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. Link to an amendment published at 91 FR 46706, July 24, 2026.

### Source

Source: 58 FR 48786, Sept. 20, 1993, unless otherwise noted.