Call Report Overview and Dodd-Frank Compliance

The call report is a crucial document for financial institutions, and understanding its components is essential for compliance. The call report is a quarterly and annual report submitted by banks and thrifts to the Federal Financial Institutions Examination Council (FFIEC).

To ensure compliance with the Dodd-Frank Act, financial institutions must accurately report their financial information. This includes reporting assets, liabilities, and capital, as well as other financial metrics.

The call report is designed to provide a comprehensive picture of a bank's financial condition. It's a massive document, with over 100 pages of data, but don't worry, we'll break it down for you.

A call report is a regulatory report that must be filed by banks in the U.S. quarterly with the FDIC. Banks that are required to file call reports are national banks, state member banks, and non-member banks.

Call reports are filed on a quarterly basis, so you can expect to see a report from your bank four times a year. This frequency helps regulators stay on top of the bank's financial health.

The report contains information about the bank's financial health, which is crucial for regulators to assess the bank's stability and soundness.

Call reports must be filed quarterly, with deadlines at the end of each calendar quarter: March 31, June 30, September 30, and December 31.

You'll need to submit your reports within 30 days after the end of each quarter to ensure timely regulatory review.

All national banks, state member banks, and non-member insured banks in the United States are required to file call reports.

Call reports must be submitted to the Federal Financial Institutions Examination Council (FFIEC) for regulatory review. This interagency entity coordinates efforts between the Federal Reserve, Federal Insurance Deposit Commission (FDIC), and the Office of Thrift Supervision.

Banks must use standardized forms provided by the FFIEC to submit their data, which are then audited by a FDIC analyst for errors and audit flags. These reports are publicly available on the FDIC website, offering valuable insights into the health of the U.S. banking system.

Call reports are filed quarterly, with reporting deadlines at the end of each calendar quarter: March 31, June 30, September 30, and December 31. Banks must submit their reports within 30 days after each quarter to ensure timely regulatory review.

Call reports must be filed quarterly, with deadlines at the end of each calendar quarter: March 31, June 30, September 30, and December 31.

Banks must submit their reports within 30 days after the end of each quarter to ensure timely regulatory review. This allows for thorough examination of the data before the next quarter's reports are due.

Submitting call reports is a crucial part of maintaining compliance with regulatory requirements. Banks must submit these reports to the Federal Financial Institutions Examination Council (FFIEC) on a quarterly basis.

The FFIEC is an interagency entity that coordinates regulatory efforts between the Federal Reserve, the Federal Insurance Deposit Commission (FDIC), and the Office of Thrift Supervision. Banks must use standardized forms provided by the FFIEC to submit their data.

Each call report is audited by a Federal Insurance Deposit Commission analyst for errors and audit flags. This ensures that the information provided is accurate and reliable.

Call reports are available to the public on the Federal Insurance Deposit Commission website. This makes it easy for people to access information about the health of the U.S. banking system.

Banks must submit their reports within 30 days after the end of each quarter. The reporting deadlines are generally at the end of each calendar quarter: March 31, June 30, September 30, and December 31.

Here are the quarterly reporting deadlines at a glance:

The call report is officially known as the "Report of Condition and Income" and can also be called the RC report.

The CFPB uses a tiered approach to determine the scope of Section 1071 compliance, with three tiers based on the size and type of the creditor.

Small creditors with less than $26 million in annual originations are exempt from certain requirements.

Medium and large creditors must collect and report more detailed data, including information about the applicant, the loan, and the creditor.

Medium creditors are defined as having between $26 million and $49 million in annual originations, while large creditors have more than $49 million.

The call report is divided into a number of schedules that provide a comprehensive view of a bank's financial health. These schedules include RI, which is the income statement, and RC, which is the balance sheet.

The call report contains detailed information about a bank's financial status, including balance sheet items, income statement figures, and other key financial metrics. It also covers off-balance-sheet items, loan performance, capital adequacy, and risk exposures.

The call report is divided into the following schedules: RI, RC, RC-A, RC-B, RC-C, RC-D, RC-E, RC-F, RC-G, RC-H, RC-I, RC-K, RC-L, RC-M, RC-N, RC-O, RC-P, RC-Q, RC-R, RC-S, RC-T, and RC-V.

FFIEC Forms are used for reporting purposes by banks and mortgage companies. The FFIEC (Federal Financial Institutions Examination Council) is responsible for overseeing compliance with these forms.

You can find a list of FFIEC reporting forms, but the specific form you need will depend on the type of institution you're reporting for. For example, if you have loans secured by multiple duplexes, you'll report with a call report code of 1D (5+ Family).

The FFIEC 031 form is used for national banks, state member banks, and savings associations, while the FFIEC 051 form is used for state nonmember banks. The FFIEC 031 form requires additional schedules, such as RC-H and RC-I, which are not required for the FFIEC 051 form.

Here is a list of some of the schedules included in the call report:

Note that this is not an exhaustive list, but it includes some of the most important schedules.

The Rssd ID Number is a crucial piece of information that can be found on the call report.

You can find the Rssd ID Number on the call report, but where exactly is it located? The answer is, it's not explicitly stated in the article, but we know from Example 1 that it's related to the call report, so let's keep that in mind.

To find the Rssd ID Number, you'll need to look at the call report.