Report of Condition and Income

Dictionary Says

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 Says

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.



comments powered by Disqus
Hot Definitions
  1. Legal Monopoly

    A company that is operating as a monopoly under a government mandate. A legal monopoly offers a specific product or service at a regulated price and can either be independently run and government regulated, or government run and regulated.
  2. Closed-End Fund

    A closed-end fund is a publicly traded investment company that raises a fixed amount of capital through an initial public offering (IPO). The fund is then structured, listed and traded like a stock on a stock exchange.
  3. Payday Loan

    A type of short-term borrowing where an individual borrows a small amount at a very high rate of interest. The borrower typically writes a post-dated personal check in the amount they wish to borrow plus a fee in exchange for cash.
  4. Securitization

    The process through which an issuer creates a financial instrument by combining other financial assets and then marketing different tiers of the repackaged instruments to investors.
  5. Economic Forecasting

    The process of attempting to predict the future condition of the economy. This involves the use of statistical models utilizing variables sometimes called indicators.
  6. Chicago Mercantile Exchange - CME

    The world's second-largest exchange for futures and options on futures and the largest in the U.S. Trading involves mostly futures on interest rates, currency, equities, stock indices and agricultural products.
Trading Center