Report of Condition and Income

Report of Condition and Income

Financial report that all banks, bank holding companies, savings, and loan associations, Edge Act and agreement corporations, and certain other types of organizations must file with a federal regulatory agency. Informally termed a call report.

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Report of Condition and Income

A quarterly report that every bank, bank holding company, and Edge Act corporation must file giving information over a given period of time. The report contains information on the bank's financial state, most notably including statements on income, assets, liabilities, and write-offs for bad debt. It is informally called a call report. The report of condition and income must be filed within 30 days following the end of each quarter. It is the equivalent of a thrift financial report, which must be filed by savings and loan associations. See also: earnings report.