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.
What does Ffiec stand for?
Federal Financial Institutions Examination Council
The Federal Financial Institutions Examination Council (FFIEC) was established on March 10, 1979, pursuant to title X of the Financial Institutions Regulatory and Interest Rate Control Act of 1978 (FIRA), Public Law 95-630.
Who Must File 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.
What is a quarterly call report?
A call report is a quarterly report known as the Consolidated Report of Condition and Income that all commercial banks. and similar financial institutions in the United States are required to file at the end of each calendar quarter.
What is Schedule RC O?
Schedule RC-O – Other Data for Deposit Insurance and FICO Assessments.
What is MDRM in regulatory reporting?
The Micro Data Reference Manual (MDRM) is a catalog of micro and macro data collected from depository institutions and other respondents. The data are organized into reports, or data series, and consist primarily of financial and structure data. The MDRM documents the labels and values associated with each data item.
What are the FFIEC guidelines?
- business continuity planning, development, and acquisition.
- electronic banking.
- information security.
- I.T. audits.
- I.T. management.
- outsourcing technology services.
- retail payment systems.
- supervision of technology service providers.
Who does the FDIC report to?
the President of the United States
In accordance with the provisions of section 17(a) of the Federal Deposit Insurance Act, the FDIC submits its Annual Report to the President of the United States, the President of the U.S. Senate and the Speaker of the U.S. House of Representatives.
What is Ffiec call report?
Every national bank, state member bank, and insured nonmember bank is required by its primary federal regulator to file a Reports of Condition and Income (Call Report) as of the close of business on the last day of each calendar quarter (the report date).
What are the Ffiec guidelines?
What is RC O?
An acyl group is a moiety derived by the removal of one or more hydroxyl groups from an oxoacid, including inorganic acids. It contains a double-bonded oxygen atom and an alkyl group (R-C=O). In organic chemistry, the acyl group (IUPAC name: alkanoyl) is usually derived from a carboxylic acid.
What is the deadline for filing a call report?
The specific reporting requirements depend upon the size of the bank and whether or not it has any foreign offices. Call reports are due no later than 30 days after the end of each calendar quarter. Revisions may be made without prejudice up to 30 days after the initial filing period.
What is a daily call report?
A daily sales call report is used in the field of sales to document the meetings that a sales agent has done together with prospective clients and other customers of the company to achieve the sales target that is being given to him or her. A daily sales call report includes the following information: The name of the sales representative.
What is a report of condition?
Report of Condition. Report of Condition is a bank’s balance sheet, which lists the assets, liabilities, and equity capital (owners’ funds) held by or invested in the bank at any single point in time; reports of condition must be filed periodically with bank regulatory agencies. Category: Banking & Finance.
What is a credit union call report?
Call reports for credit unions are submitted quarterly to the National Credit Union Administration. Call reports (company specific or aggregated) information is publicly available at the FDIC website. Each call report is reviewed by an FDIC analyst for errors, omissions or a variety of audit flags.