What is a call message?
Call Report is a financial submission of the publication of information about the bank's financial situation. Banks in the United States are obliged to report every quarter of Federal Financial Institutes Council (FFIEC). These reports are reported to Federal Insurance Insurance Corporation (FDIC) and are reviewed by accuracy by this organization for use by regulators, general public, Congress members and other parties involved. The purpose of the report is to create a complete and accurate picture of the financial situation and position of the bank and includes items such as balance sheet, assets and obligations, profit and loss and loans and lease claims. Banks have up to 30 days to submit a call report without a fine and can also make changes up to 30 days after the period.
Once the fun is accepted and verified, it is available on the FDIC website as well as on request FDIC. People can review messages from individual banks and examine general statistics and information from the given OBDObí submissions. Some members of the public consider this information interesting to view, as well as economists and other academics who study the banking industry and economics in general.
Regulatory bodies use calls to identify banks in trouble. If the submission suggests that the bank may be at risk of failure, the regulators may decide what interventions to provide. Banks may be encouraged to sell other financial institutions or may be taken over by the regulatory bodies by a failed bank. The aim is to find out potential problems before they transfer to the extent that the regulators must take over and intervene to repair the bank at a collision course with a financial ruin.
Politics creators and government economists also control calls about calls. These documents can be used to collect evidence to support or opposition to the proposed policy and to explore the financial history of the financial institution PIt keeps what they will learn more about where and why it went wrong. The detailed information in the call report may also be useful for representatives of tax authorities and other government agencies.
Thrifts, which are the Association of Savings and Loans used mainly in the United States, describing what is called a financial report. It is a document similar to calls that provide important publication regarding the financial health of Thrift.