Regulations last checked for updates: May 20, 2024

Title 12 - Banks and Banking last revised: May 16, 2024
§ 621.1 - Purpose and applicability.

This part sets forth accounting and reporting requirements to be followed by all banks, associations, and service corporations chartered under the Act; the Federal Farm Credit Banks Funding Corporation; and, where specifically indicated, the Federal Agricultural Mortgage Corporation. The requirements set forth in this part are of both general and specific applicability. Certain requirements focus on areas of financial condition and operating performance that are of special importance for generating, presenting, and disclosing accurate and reliable information.

[58 FR 48786, Sept. 20, 1993, as amended at 78 FR 31835, May 28, 2013]
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 621.1