12 U.S.C. § 2257a — Uniform financial reporting instructions

(a) In general 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) Computerized system 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) Submission of proposal 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.