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Call reports are required by statute and collected by the FDIC under the provision of Section 1817(a)(1) of the Federal Deposit Insurance Act. The FDIC collects, corrects, updates and stores call report data submitted by all insured national and state nonmember commercial banks and state-chartered savings banks on a quarterly basis.
In 2007, there had been a proposal that thrifts convert to filing a similar report, the Report of Condition and Income commonly referred to as the Call Report, which banks prepare and file with the Federal Deposit Insurance Corporation. [1] [2] Since thrifts continue to file TFRs today, the proposal was dismissed or set aside for the time being.
The Federal Financial Institutions Examination Council (FFIEC) is a formal U.S. government interagency body composed of five banking regulators that is "empowered to prescribe uniform principles, standards, and report forms to promote uniformity in the supervision of financial institutions". [2]
For premium support please call: 800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. ... and the growth of open and decentralized banking and payments in the US," reads the CFPB report. ...
Financial Institutions Regulatory and Interest Rate Control Act of 1978; Long title: An act To extend the authority for the flexible regulation of interest rates on deposits and accounts in depository institutions.
Introduced in the House as "Financial Institutions Reform, Recovery and Enforcement Act of 1989" H.R. 1278 by Henry B. Gonzalez (D-TX) on March 6, 1989; Committee consideration by House Banking, Finance, and Urban Affairs, House Government Operations, House Judiciary, House Rules, House Ways and Means
HMDA data products are hosted on behalf of the FFIEC by the Federal Reserve Board [23] for data HMDA collections for 2016 and prior and the CFPB for HMDA collections 2017 and later. [24] Additionally, historic files prior to 2014 can be found at the National Archives and Records Administration (NARA) website. The NARA files include both Final ...
and they must keep the necessary records and make the necessary reports on their customers. The Bank Secrecy Act of 1970 (BSA), also known as the Currency and Foreign Transactions Reporting Act, is a U.S. law requiring financial institutions in the United States to assist U.S. government agencies in detecting and preventing money laundering . [ 2 ]