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2016 CRA FILE SPECIFICATIONSBoard of Governors of the Federal Reserve System (FRS) Federal Deposit Insurance Corporation (FDIC) Office of the Comptroller of the Currency (OCC) Respondent Identification
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A depository institution is a financial institution that accepts deposits from customers and provides financial services, such as savings accounts, checking accounts, and loans.
Depository institutions are required to file reports with financial regulatory authorities, such as the Federal Reserve or the FDIC.
Depository institutions must fill out reports detailing their financial activities, assets, liabilities, and capital reserves, following specific guidelines set by the regulatory authorities.
The purpose of a depository institution is to provide a safe place for customers to deposit their money, earn interest on their savings, and obtain loans for various purposes.
Depository institutions must report information such as their balance sheet, income statement, cash flow statement, and other relevant financial data.
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