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?

comments powered by Disqus
Hot Definitions
  1. Last In, First Out - LIFO

    An asset-management and valuation method that assumes that assets produced or acquired last are the ones that are used, sold ...
  2. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  3. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  4. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  5. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  6. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
Trading Center