Title 12 — Banks and BankingRelease 119-73not60
§2257a Uniform Financial Reporting Instructions
Title 12 › Chapter 23— FARM CREDIT SYSTEM › Subchapter V— FARM CREDIT ADMINISTRATION ORGANIZATION › Part B— Farm Credit Administration Organization › § 2257a
Summary
System institutions must follow the Farm Credit Administration's uniform financial-reporting instructions. They may build their own computer system or hire a vendor through open competitive bidding, and within 6 months of January 6, 1988 must send the Administration a plan showing how they will comply.
Full Legal Text
Title 12, §2257a
Banks and Banking — Source: USLM XML via OLRC
(a)Each System institution shall comply with uniform financial reporting instructions required by the Farm Credit Administration, to standardize and facilitate the reporting of System data.
(b)If the financial reports are maintained by a computer system, each System institution may develop an internal computer system or it may contract out to a vendor under open competitive bidding any or all aspects of the computerized system.
(c)Within 6 months of January 6, 1988, each System institution shall submit to the Farm Credit Administration a report on the plan of that institution to bring the operations of the institution into compliance with the uniform financial reporting instructions required by the Farm Credit Administration.
Reference
Citations & Metadata
Citation
12 U.S.C. § 2257a
Title 12 — Banks and Banking
Last Updated
Apr 3, 2026
Release point: 119-73not60