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Golden State Bank FDIC Certificate Number: 57585Submitted to CDR on 02/21/2018 at 01:24 PM Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation Office of the Comptroller
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How to fill out consolidated reports of condition

01
To fill out consolidated reports of condition, follow these steps:
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Gather all relevant financial information from the subsidiaries or divisions that need to be included in the consolidated report.
03
Review the accounting policies and procedures established for the consolidation process.
04
Identify any intercompany transactions that need to be eliminated in the consolidation process.
05
Prepare the financial statements for each subsidiary or division, ensuring accurate and complete data.
06
Adjust the subsidiary financial statements to conform to the parent company's accounting policies.
07
Eliminate any intercompany transactions and balances by making appropriate adjustments.
08
Combine the adjusted financial statements of each subsidiary or division into a single consolidated report.
09
Review and analyze the consolidated report for accuracy and completeness.
10
Make any necessary corrections or adjustments to ensure the consolidated report presents a true and fair view of the company's financial position.
11
Obtain necessary approvals and sign off on the consolidated report.
12
Publish and distribute the consolidated report to relevant stakeholders, such as investors, regulatory bodies, and management.

Who needs consolidated reports of condition?

01
Consolidated reports of condition are typically required by various stakeholders, including:
02
- Shareholders and investors who want a comprehensive view of the financial performance and position of a group of companies.
03
- Regulators and regulatory bodies that require companies to provide consolidated financial statements for compliance purposes.
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- Management and board of directors who use consolidated reports to assess the overall health and financial stability of the organization.
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- Creditors and lenders who need consolidated reports to evaluate the creditworthiness and financial viability of a group of companies.
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- Potential buyers or investors who may be interested in acquiring or investing in a group of companies.
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Consolidated reports of condition are financial reports that provide a comprehensive overview of an institution's financial condition.
Banks and other financial institutions are required to file consolidated reports of condition.
Consolidated reports of condition can be filled out online through the regulatory agency's designated reporting system.
The purpose of consolidated reports of condition is to provide regulators, investors, and other stakeholders with an accurate and timely snapshot of an institution's financial health.
Consolidated reports of condition typically include information on assets, liabilities, capital, income, and expenses.
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