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Financial Disclosure Requirements
Source:
Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority and you can order
it here)
Beginning March 31, 1988, depository
financial institutions were required to make financial disclosure to the
public, customers, and others interested in the basic condition of the
institution in a manner similar to the Call Report and the Statement of
Income and Dividends. Disclosures
must be made available in the lobby of the institution.
The disclosures include the amount and trend of nonperforming assets,
nonaccrual assets, other real estate owned, and substandard classified
assets. Federal Financial
Institutions Examination Counsel Standardized Call Report Schedule RC-N,
called past-due and nonaccrual loans and leases is now publicly available.
The format for this schedule is appended.
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