12 CFR 650.55
§ 650.55 Inventory, audit, and reports.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 650.55, § 650.55 Inventory, audit, and reports, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48268
- Permanent ID
ys:prov:48268@1- SHA-256
6f4ce23b51862b445a2e9eae568accf65d9916554bf22eed02a5e4d63a4ab439
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) As soon as practicable after taking possession of the Corporation, the receiver shall take an inventory of the assets and liabilities as of the date possession was taken.
(b) The receivership shall be audited on an annual basis by a certified public accountant selected by the receiver.
(c) The receiver shall make an annual accounting or report, as appropriate, available for review upon request to any stockholder of the Corporation or any member of the public, with a copy provided to the Farm Credit Administration.
(d) As soon as practicable after final distribution, the receiver shall send to each stockholder of record a report summarizing the disposition of the assets of the receivership and claims against the receivership.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.