What Is a Call Report?

A call report is a regulatory report that must be filed by banks in the U.S. quarterly with the FDIC. A call report contains information about the bank's financial health. Banks that are required to file call reports are national banks, state member banks, and 澳洲幸运5开奖号码历史查询:non-member banks.

Understanding Call Reports

The call report contains items such as the bank's income statement, balance sheet, loan information, deposit information, investment information, changes in the bank's capital, asset sale information and several other sections discussing aspects of the bank's viability. Banks are required to file the call report no later than 30 days after the end of each quarter. The 澳洲幸运5开奖🐎号码历史查询:Federa꧋l Insurance Deposit Commission (FDIC) is tasked with overseeing complia𓂃nce꧑ with call report filing requirements.

Each bank’s board of directors and senior management are responsible for establishing and maintaining an effective system of internal controls, including controls over the R✃eports of Condition and Income (the call report). Call reports are to be prepared un🦩der federal regulatory authority instructions and must be signed by the Chief Financial Officer (CFO) of the reporting bank (or by the individual performing an equivalent function) and attested to by not less than two directors (trustees) for state nonmember banks and three directors for state member banks, national banks, and savings associations.

The management of the report❀ing bank may, if it wishes, also submit a brief narrative statement on the amounts reported in the call report. This optional statement will be made available to the public, along with the publicly available data in t⛎he Reports of Condition and Income, in response to any request for individual bank report data

Submitting Call Reports

Call reports are required to be submitted to the Federal Fina𝔉ncial Institutions Examination Council (FFIE♏C). The Federal Financial Institutions Examination Council is an interagency entity that coordinates regulatory efforts between the Federal Reserve, the Federal Insurance Deposit Commission (FDIC), and the 澳洲幸运5开奖号码历史查询:Office of Thrift Supervision. Banks must use the standardized forms provided by the Federal Financial Institutions Examinati🐻on Council to submit their data and each call report is audited by a Federal Insurance Deposit Commission analyst for errors and audit flags.

These reports are available to the public on the Federal Insurance Deposit Commission website and are a resource for people looking for information regarding the health of the U.S. banking system. Credit unions and thrift institutions are also required to file similar reports with their regulatory agenc💎ies.

Benefits of Call Reports

Call re𒊎ports offer several significant benefits for ban𒐪ks, regulators, and the broader financial system:

• Enhanced Regulatory Oversight: Call reports provide regulators with detailed and timely financial information about banks. This data enables regulatory agencies to monitor the health and stability of individual banks and the banking sector as a whole.
• Improved Risk Management: For banks, call reports serve as a tool for internal risk management. By regularly compiling and reviewing financial data, banks can gain insights into their own financial condition.
• Better Informed Decision-Making: Call reports provide data that supports informed decision-making for various stakeholders including investors, analysts, and credit rating agencies. Investors use the information to assess the financial health of banks and make investment decisions.
• Consistency and Comparability: The standardized format of call reports ensures consistency and comparability across banks. This uniformity allows regulators and stakeholders to easily compare financial data between different institutions over time.
• Regulatory Compliance: Filing accurate call reports is a key component of regulatory 澳洲幸运5开奖号码历史查询:compliance for banks. These reports help ensure that banks adhere to regulatory requirements related to capital adequacy, liquidity, and other financial metrics.

The Bottom Line

Call reports are detailed financial documents that banks are required to file quarterly with regulators, providing a comprehensive snapshot of their financial condition, including assets, liabilities, income, and capital. These reports help regulatory oversight and strive to ensure the 💫safety and soundness of individual banks.