What is a 'Call Report'

A call report is a report that must be filed by banks in the U.S. on a quarterly basis. A call report contains information about the bank's financial health and examining multiple call reports can provide insight regarding the welfare of the U.S. banking system. Banks that are required to file call reports are national banks, state member banks and nonmember banks.

The call report contains items such as the bank's income statement, balance sheet, loan information, deposit information, investment information, changes in the bank's capital, asset sale information and several other sections discussing aspects of the bank's viability. Banks are required to file the call report no later than 30 days after the end of each quarter. The Federal Insurance Deposit Commission (FDIC) is tasked with overseeing compliance with call report filing requirements. The call report is officially known as the Report of Condition and Income and can also be called the RC report.


Call reports are required to be submitted to the Federal Financial Institutions Examination Council (FFIEC). The Federal Financial Institutions Examination Council 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 the standardized forms provided by the Federal Financial Institutions Examination Council to submit their data and each call report is audited by a Federal Insurance Deposit Commission analyst for errors and audit flags. These reports are available to the public on the Federal Insurance Deposit Commission website and are a resource to people looking for information regarding the health of the U.S. banking system. Credit unions and thrift institutions are also required to file similar reports with their own regulatory agencies.

  1. FDIC Insured Account

    An FDIC Insured Account is a bank account that meets the requirements ...
  2. Bank

    A bank is a financial institution licensed as a receiver of deposits. ...
  3. Federal Deposit Insurance Corporation ...

    The Federal Deposit Insurance Corporation (FDIC) is an independent ...
  4. General Examination

    A general examination is a regulatory measure set up to give ...
  5. Primary Regulator

    Primary Regulator is the state or federal regulatory agency that ...
  6. Non-Member Banks

    Non-member banks are banks that are not members of the U.S. Federal ...
Related Articles
  1. Financial Advisor

    Why Banks Don't Need Your Money to Make Loans

    Contrary to the story told in most economics textbooks, banks don't need your money to make loans, but they do want it to make those loans more profitable.
  2. Personal Finance

    What is Fractional Reserve Banking?

    Fractional reserve banking is the banking system most countries use today.
  3. Personal Finance

    Are Your Bank Deposits Insured?

    Learn how the FDIC is helping to keep your money in your pockets.
  4. Investing

    Mutual funds are not FDIC insured: Here's why

    Find out why mutual funds are not insured by the FDIC, including how to minimize your risk with educated mutual fund investments.
  5. Tech

    The Pros And Cons Of Internet Banks

    Learn how internet banking services stack up against their brick-and-mortar peers. Find out what internet banks have to offer and where they fall short.
  1. What agencies oversee U.S. financial institutions?

    Discover the specific responsibilities of some of the major regulatory agencies that oversee financial institutions and markets ... Read Answer >>
  2. What are the 9 major financial institutions?

    There are nine major types of financial institutions. Understand the major types of financial institutions that exist and ... Read Answer >>
  3. What are key government regulations that affect investing in the banking sector?

    Discover how the global financial crisis of 2008 changed the face of banking in the United States and around the world by ... Read Answer >>
  4. What factors are the primary drivers of banks' share prices?

    Find out which factors are most important when determining the share price of banks and other lending institutions in the ... Read Answer >>
Trading Center