What is a Call Report and where can I find it?

A Call Report is a standardized quarterly financial filing that every FDIC-insured bank in the United States must submit to federal regulators. It covers the bank's balance sheet, income, credit quality, and capital in granular detail. Anyone can access Call Reports for free through the FFIEC's Central Data Repository at cdr.ffiec.gov.

The Call Report, formally called the Consolidated Reports of Condition and Income, is the most detailed recurring financial filing in U.S. banking regulation. Every FDIC-insured commercial bank and savings institution files one within 30 days of each calendar quarter's end, reporting to whichever federal agency serves as its primary regulator: the OCC (Office of the Comptroller of the Currency) for national banks, the FDIC for state non-member banks, or the Federal Reserve for state member banks.

What's Inside a Call Report

Call Reports organize a bank's financial data into standardized schedules that cover virtually every aspect of operations. The two main sections are the Report of Condition and the Report of Income.

The Report of Condition is the balance sheet. It breaks out loans by type and risk classification, securities by type and maturity, deposit accounts by type and size, borrowings, and detailed capital components. The Report of Income covers the income statement: interest income and expense by category, non-interest income and expense line items, provision for credit losses, applicable taxes, and net income.

Beyond those core sections, additional schedules report on:

Off-balance-sheet items like unfunded commitments and derivatives

Past-due and nonaccrual loans by category

Regulatory capital calculations and risk-weighted assets

Fiduciary and related services activities

The level of detail goes well beyond what most publicly traded banks report in their SEC filings. Call Reports break out loan portfolios into categories like construction and land development, secured by farmland, multifamily residential, and commercial real estate, each reported separately.

Two Versions: FFIEC 031 and FFIEC 041

Banks file one of two versions depending on their complexity. The FFIEC 041 is the standard form filed by banks with only domestic offices, which covers the vast majority of community and regional banks. The FFIEC 031 is the expanded form required for banks with foreign offices, and it includes additional schedules for international operations.

For most bank analysis, you'll be working with 041 data. The two forms share the same core schedules, so the data is comparable regardless of which version a bank files.

Why the Standardized Format Matters

Because every bank uses identical schedules and field definitions, Call Report data is directly comparable across institutions. This consistency makes Call Reports the foundation for several important uses:

Aggregate industry statistics published quarterly by the FDIC in its Quarterly Banking Profile

The FFIEC's Uniform Bank Performance Report (UBPR), which calculates ratios and peer comparisons from raw Call Report data

Regulatory surveillance systems that flag potential problems at individual banks before they become crises

Commercial bank data platforms and screening tools used by analysts and investors

No other data source offers this combination of granularity, standardization, and universal coverage across the U.S. banking industry.

Call Reports vs. SEC Filings

One of the most significant features of Call Report data is its coverage. SEC filings like 10-K and 10-Q reports are only available for publicly traded banks, which number roughly 350 institutions. Call Reports cover all approximately 4,500 FDIC-insured banks, including the thousands of privately held community banks that never file with the SEC.

SEC filings do contain information that Call Reports do not. Management's discussion and analysis (MD&A), risk factor disclosures, executive compensation details, and narrative context about strategy and outlook all appear in SEC filings but have no equivalent in Call Reports. For publicly traded banks, the best analysis uses both sources: Call Reports for standardized, comparable financial data and SEC filings for management commentary and qualitative context.

How to Access Call Report Data

Two primary sources provide free public access:

FFIEC Central Data Repository (cdr.ffiec.gov): The official source. You can pull individual bank reports by name or RSSD ID, download specific schedules, or grab bulk data files for custom analysis. The interface is functional but not particularly intuitive for first-time users.

FDIC BankFind Suite (fdic.gov): A more approachable option for browsing. It provides financial summaries, peer group comparisons, and historical data with a cleaner interface. The tradeoff is less flexibility for downloading raw schedule-level data compared to the CDR.

Both sources are updated roughly 45 to 60 days after each quarter-end, once regulators have processed and validated the submissions. Banks file within 30 days of quarter-end, but the public data lags slightly due to processing time.

Working with Call Report Data

A few practical points that save time when you start pulling Call Report data.

Each bank is identified by an RSSD ID (Research, Statistics, Supervision, and Disclosure identifier), assigned by the Federal Reserve. If you're searching for a specific bank, knowing its RSSD ID avoids confusion when multiple banks share similar names.

The schedules use standardized field codes called MDRM numbers. Each data point, whether total loans and leases or net income, has a unique MDRM code that stays consistent across all banks and all quarters. Once you learn the MDRM codes for the fields you care about, pulling consistent time-series data becomes straightforward.

For peer analysis, the UBPR is often a better starting point than raw Call Report schedules. It pre-calculates the ratios and percentile rankings that analysts typically want, saving you the step of building those calculations from scratch. Go to the raw Call Report data when you need a specific line item the UBPR doesn't surface, or when you're building a custom dataset across many banks.

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