What is the RC T report?
For banks in the U.S., one of the key reports required to be filed is the quarterly Consolidated Report of Condition and Income, generally referred to as the call report or RC report. Call reports are due no later than 30 days after the end of each calendar quarter.
What is the schedule RC N?
SCHEDULE RC-N – PAST DUE AND NONACCRUAL LOANS, LEASES, AND OTHER ASSETS AND OTHER ASSETS.
What does NR mean on a call report?
NR: NO REPORT: Are calls where no report was completed.
What is the Ffiec 031 report?
Reporting Form FFIEC 031 Consolidated Reports of Condition and Income for a Bank with Domestic and Foreign Offices – FEDERAL RESERVE BANK of NEW YORK. Description: This report collects basic financial data of commercial banks in the form of a balance sheet, an income statement, and supporting schedules.
Who files a call report?
Banks that are required to file call reports are national banks, state member banks, and non-member banks. The call report is officially known as the “Report of Condition and Income” and can also be called the RC report.
When did call reports start?
Call reports are legally required, per Section 1817(a)(1) of the Federal Deposit Insurance Act. Savings and loan associations (more commonly known as “thrifts”) started filing call reports in 2012.
Are call reports audited?
Submitting Call Reports 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.
What does non accrual mean?
A nonaccrual loan is a lender’s term for an unsecured loan whose payment is 90 days or more overdue. The interest on a nonaccrual loan is thus recorded as earned income. Nonaccrual loans are sometimes referred to as doubtful loans, troubled loans, or sour loans.
Why is it called Call Report?
Nowadays, these reports of balance sheet and income statement information are filed quarterly; but originally, the Office of the Comptroller of the Currency (supervisor of national banks) would issue a “call” for the reports on specific, but irregular, dates, leading to the colloquial term Call Reports.
Who are call reports submitted?
Call reports are required to be submitted to the Federal Financial Institutions Examination Council (FFIEC).
What is the fr2900?
FR 2900 (Commercial Banks) Report of Transaction Accounts, Other Deposits and Vault Cash. Description: This report collects information on transaction accounts, time and savings deposits, vault cash, and other reservable obligations from depository institutions.
What is FR Y 9LP?
FR Y-9LP means the Parent Company Only Financial Statements of Large Holding Companies.
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