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Consolidated reports of condition, also known as Call Reports, are standardized financial statements that banks and financial institutions are required to file with their regulatory authority.
Banks and financial institutions are required to file consolidated reports of condition.
Consolidated reports of condition are typically filled out electronically through the regulatory authority's reporting system.
The purpose of consolidated reports of condition is to provide regulators with accurate and timely information about the financial condition of banks and financial institutions.
Information such as assets, liabilities, equity capital, income, expenses, and off-balance sheet activities must be reported on consolidated reports of condition.
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