All controlled financial institutions in the United States are required to register, with their respective regulators and other parties, periodic financial and other details. The quarterly Consolidated Report of Condition and Revenue, commonly referred to as the call report or RC report, is one of the main reports needed to be filed for banks in the U.S.
Primarily, the Federal Financial Institutions Examination Council (FFIEC) requires all national banks, Member State banks, and insured non-member banks to file a call report as of the close of business on the last day of each calendar quarter, that is, the reporting period. The precise reporting criteria depends on the size of the bank and whether it has any international offices or not. No later than 30 days after the end of each calendar year, the forms are expected. Up to 30 days after the initial filing date changes can be made without prejudice. The Federal Deposit Insurance Corporation (FDIC) is responsible for monitoring the compliance of the insured financial institution with the reporting provisions of the FFIEC, including compliance with all rules and regulations of the bank regulatory agency, accounting principles, and pronouncements adopted by the Board of Financial Accounting Standards (FASB) and all other matters related to the submission of a call report.
Creating a call report can prove to be a long and tedious process. This is why we are offering our premium sample Call Report Templates. You can make weekly, daily, and/or monthly reports for your organization be it for a bank, marketing, or the fire department.