The Federal Deposit Insurance Corporation (FDIC) is responsible for overseeing insured financial institution adherence to FFIEC reporting requirements, including the observance of all bank regulatory agency rules and regulations, accounting principles and pronouncements adopted by the Financial Accounting Standards Board (FASB) and all other matters relating to a call report submission.
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 is fully responsible for maintaining an accurate and up-to-date call reports data base readily available to all users.
call reports data are a critical publicly available source of information regarding the status of U.S. banking system.
Each call report is reviewed by an FDIC analyst for errors, omissions or a variety of audit flags.