Report of Condition and Income

AAA

DEFINITION of 'Report of Condition and Income'

A quarterly financial statement that banks, bank holding companies and Edge Act corporations must file with the FDIC under Section 1817(a)(1) of the Federal Deposit Insurance Act. These reports contain statements on a bank's income, assets (cash due from banks, cash on hand, bonds, etc.), liabilities (deposits, repurchase agreements, interest-bearing funds, etc.) and write-offs for bad debt. This report is a major method used by bank regulatory agencies to monitor banks. The other way to monitor is through on-site visits by bank examiners.

INVESTOPEDIA EXPLAINS 'Report of Condition and Income'

Reports of Condition and Income are also known as call reports because for many years banks had to file the quarterly reports on surprise dates within a month of the end-quarter date.


The savings and loan equivalent of this report is called a Thrift Financial Report.

RELATED TERMS
  1. Call Report

    A report that must be filed by all regulated financial institutions ...
  2. FDIC Problem Bank List

    A list of commercial banks in the U.S. that are considered to ...
  3. Insured Financial Institution

    Any bank or savings institution that is covered by some form ...
  4. Bank

    A financial institution licensed as a receiver of deposits. There ...
  5. Federal Deposit Insurance Corporation ...

    The U.S. corporation insuring deposits in the U.S. against bank ...
  6. Finance

    The science that describes the management, creation and study ...
Related Articles
  1. Are Your Bank Deposits Insured?
    Savings

    Are Your Bank Deposits Insured?

  2. Bank Failure: Will Your Assets Be Protected?
    Options & Futures

    Bank Failure: Will Your Assets Be Protected?

  3. The History Of The FDIC
    Retirement

    The History Of The FDIC

  4. Who Backs Up The FDIC?
    Options & Futures

    Who Backs Up The FDIC?

Hot Definitions
  1. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  2. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  3. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  4. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  5. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  6. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
Trading Center