BROWSE

Call Report

Definition

All regulated financial institutions in the United States are required to file periodic financial and other information with their respective regulators and other parties. For banks in the U.S., one of the key reports required to be filed is the quarterly Consolidated Report of Condition and Income, generally referred to as the call report or RC report. Specifically, every National Bank, State Member Bank and insured Nonmember Bank is required by the Federal Financial Institutions Examination Council to file a call report as of the close of business on the last day of each calendar quarter, i.e. the report date. The specific reporting requirements depend upon the size of the bank and whether or not it has any foreign offices. Call reports are due no later than 30 days after the end of each calendar quarter. Revisions may be made without prejudice up to 30 days after the initial filing period.

What is 'Call Report'

A report that must be filed by all regulated financial institutions in the U.S. on a quarterly basis and contains financial information about the banks. Banks are required to file no later than 30 days after the end of each quarter. The report is officially known as the Report of Condition and Income for banks and Thrift Financial Report for Thrifts.

Explaining 'Call Report'

The Call Report collects such basic financial information as the bank's balance sheet and income statement. Reports are required to be submitted to the Federal Financial Institutions Examination Council (FFIEC). The FFIEC is an inter agency entity and coordinates between the Federal Reserve, the FDIC and the Office of Thrift Supervision. Banks and Thrifts must use the standardized forms provided by the FFIEC to submit their data and each Call Report is audited by an FDIC analyst for errors and audit flags. These reports are available to the public on the FDIC website.


Further Reading


Financial reporting, supplemental disclosures, and bank share prices
www.jstor.org [PDF]
… Louis, for providing us with the data base of call report data; Justin Hurscher, Stanford MBA … reviewing bank annual reports and suggesting the coding form for the annual report data … market studies reported in the August 1980 issue of the Journal of Accounting and Economics …

Marginal abatement cost curves: a call for cautionMarginal abatement cost curves: a call for caution
www.tandfonline.com [PDF]
… Louis, for providing us with the data base of call report data; Justin Hurscher, Stanford MBA … reviewing bank annual reports and suggesting the coding form for the annual report data … market studies reported in the August 1980 issue of the Journal of Accounting and Economics …

The Squam Lake report: fixing the financial systemThe Squam Lake report: fixing the financial system
onlinelibrary.wiley.com [PDF]
… Louis, for providing us with the data base of call report data; Justin Hurscher, Stanford MBA … reviewing bank annual reports and suggesting the coding form for the annual report data … market studies reported in the August 1980 issue of the Journal of Accounting and Economics …

A call for replication studiesA call for replication studies
journals.sagepub.com [PDF]
… Louis, for providing us with the data base of call report data; Justin Hurscher, Stanford MBA … reviewing bank annual reports and suggesting the coding form for the annual report data … market studies reported in the August 1980 issue of the Journal of Accounting and Economics …

A critical evaluation of social impact assessment methodologies and a call to measure economic and social impact holistically through the External Rate of Return …A critical evaluation of social impact assessment methodologies and a call to measure economic and social impact holistically through the External Rate of Return …
eprints.lse.ac.uk [PDF]
… Louis, for providing us with the data base of call report data; Justin Hurscher, Stanford MBA … reviewing bank annual reports and suggesting the coding form for the annual report data … market studies reported in the August 1980 issue of the Journal of Accounting and Economics …

Banking without deposits: Evidence from shadow bank call reportsBanking without deposits: Evidence from shadow bank call reports
www.nber.org [PDF]
… Louis, for providing us with the data base of call report data; Justin Hurscher, Stanford MBA … reviewing bank annual reports and suggesting the coding form for the annual report data … market studies reported in the August 1980 issue of the Journal of Accounting and Economics …

The international transmission of financial shocks: The case of JapanThe international transmission of financial shocks: The case of Japan
www.jstor.org [PDF]
… Louis, for providing us with the data base of call report data; Justin Hurscher, Stanford MBA … reviewing bank annual reports and suggesting the coding form for the annual report data … market studies reported in the August 1980 issue of the Journal of Accounting and Economics …

The global economic burden of noncommunicable diseasesThe global economic burden of noncommunicable diseases
ideas.repec.org [PDF]
… Louis, for providing us with the data base of call report data; Justin Hurscher, Stanford MBA … reviewing bank annual reports and suggesting the coding form for the annual report data … market studies reported in the August 1980 issue of the Journal of Accounting and Economics …

Founders versus non-founders in large companies: Financial incentives and the call for regulationFounders versus non-founders in large companies: Financial incentives and the call for regulation
link.springer.com [PDF]
… Louis, for providing us with the data base of call report data; Justin Hurscher, Stanford MBA … reviewing bank annual reports and suggesting the coding form for the annual report data … market studies reported in the August 1980 issue of the Journal of Accounting and Economics …



Q&A About Call Report


When are banks required to submit their reports?

Banks are required to submit their reports no later than 3 days after the end of each quarter.

Where can you find publically available information about bank's performance on Call Reports?

You can find this information on the FDIC website.

What is the official name of the report?

The Report of Condition and Income.

Who coordinates between Federal Reserve, FDIC and OTS for Call Reports?

The Federal Financial Institutions Examination Council (FFIEC) coordinates between Federal Reserve, FDIC and OTS for Call Reports.

How often do banks have to file these reports with FFIEC ?

Banks must submit their reports every quarter .

Who are required to file a Call Report?

All regulated financial institutions in the U.S. must file a Call Report.

What is included in these reports ?

These reports include balance sheets and income statements .

Are there any flags that an analyst will look out for when auditing these forms ?

Yes , there are audit flags that an analyst will look out for when auditing these forms .

What does FFIEC stand for?

Federal Financial Institutions Examination Council (FFIEC).

Leave a Reply

Your email address will not be published. Required fields are marked *