12 CFR 621.1
§ 621.1 Purpose and applicability.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 621.1, § 621.1 Purpose and applicability, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48045
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Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.