Thrift Financial Report

All regulated financial institutions in the United States are required to file periodic financial and other information with their respective regulators and other parties. Thrifts are required by the Office of Thrift Supervision (OTS), among other requirements, to file a key quarterly financial report called the Thrift Financial Report (TFR) to be filed electronically with the OTS. In 2007, there had been a proposal that thrifts convert to filing a similar report, the Report of Condition and Income commonly referred to as the Call Report, which banks prepare and file with the Federal Deposit Insurance Corporation.^[1]^[2] Since thrifts continue to file TFRs today, the proposal was dismissed or set aside for the time being.

Specifically, OTS regulation 12 CFR 563.180 requires the completion of the TFR by all savings associations as defined in 12 CFR 561.43. The TFR is filed electronically on a quarterly basis and is due no later than 30 days after quarter end, except for Schedule HC, Thrift Holding Company, and Schedule CMR, Consolidated Maturity and Rate, which are due no later than 45 days after quarter end.

The TFR contains 17 schedules, which include financial statements and supplemental information filed for the reporting savings association consolidated with its subsidiaries. Information on the TFR, including income and expense and cash flow data, is reported for the quarter, not year-to-date, with the exception of Schedule FS, Fiduciary and Related Services, in which fiduciary and related services income is reported for the calendar year-to-date. Most information on the TFR is available to the public for individual institutions; however, certain information is considered proprietary and is not released. All data are released in aggregate form. See this list of TFR schedules and their availability to the public.^[3] TFRs, and Call Reports filed are publicly available at the FDIC website; TFR schedules for an institution can be viewed (htm pages) or can be downloaded as text (.txt) files to be viewed or manipulated as desired with programs such as Microsoft Excel or Microsoft Word.

With the implementation of the Dodd Frank Act and the sunset of the OTS on July 21, 2011, all thrift institutions are required to submit Call Reports instead of TFR effective March 2012.^[4]

TFR content (schedules)

The TFR comprises these 17 schedules, not all of which may be viewable online for a filer:^[5]

Schedule NS – Optional Narrative Statement – Statement by institution management concerning issues relevant to the TFR
Schedule SC – Consolidated Statement of Condition – Assets, liabilities and equity capital
Schedule SO – Consolidated Statement of Operations – Income and expense
Schedule VA – Consolidated Valuation Allowances – Reconciliation of valuation allowances, charge-offs and recoveries, and other data on troubled assets
Schedule PD – Consolidated Past Due and Nonaccrual – Information on delinquent and nonaccrual loans
Schedule LD – Consolidated Loan Data – Information on high loan-to-value loans secured by 1–4 family residential properties without PMI or government guarantee
Schedule CC – Consolidated Commitments and Contingencies
Schedule CF – Consolidated Cash Flow Information – Information on mortgage, deposit, and other activity affecting cash flow during the quarter
Schedule DI – Consolidated Deposit Information – Information on deposits and escrows
Schedule SI – Supplemental Information – Information on QTL, loans to insiders, reconciliation of equity capital, transactions with affiliates, mutual fund and annuity sales, average balance sheet data, and other data
Schedule SQ – Consolidated Supplemental Questions – Questions concerning structural and other activity during the quarter
Schedule SB – Consolidated Small Business Loans – Data completed annually as of June 30 to comply with Section 122 of the FDIC Improvement Act during the quarter
Schedule FS – Fiduciary and Related Services – Data on trust assets and activities. Summary data is completed quarterly; more detailed information is reported annually at December 31
Schedule HC – Thrift Holding Company – Summary of holding company financial data for both the parent only and consolidated
Schedule CSS – Subordinate Organization Schedule: Information on required subordinate organizations and joint ventures, completed annually at December 31
Schedule CCR – Consolidated Capital Requirements – Balances necessary to compute the OTS minimum capital requirement
Schedule CMR – Consolidated Maturity and Rate – Information on interest rate and repricing/maturity characteristics of selected balance-sheet and off-balance-sheet items

References

External links

Bank regulation in the United States

Federal authorities	Consumer Financial Protection Bureau Farm Credit Administration Federal Deposit Insurance Corporation Federal Financial Institutions Examination Council Federal Housing Finance Agency Federal Reserve Board of Governors Financial Stability Oversight Council National Credit Union Administration Office of the Comptroller of the Currency Office of Thrift Supervision

Major federal legislation	National Bank Act Federal Reserve Act Glass–Steagall Act Federal Credit Union Act Bank Holding Company Act Bank Secrecy Act Truth in Lending Act Fair Credit Reporting Act Home Mortgage Disclosure Act Community Reinvestment Act Electronic Fund Transfer Act Monetary Control Act Depository Institutions Act Truth in Savings Act Gramm–Leach–Bliley Act Fair and Accurate Credit Transactions Act Emergency Economic Stabilization Act Credit CARD Act

Federal Reserve Board regulations	Extensions of Credit by Federal Reserve Banks (Reg A) Equal Credit Opportunity (Reg B) Home Mortgage Disclosure (Reg C) Reserve Requirements for Depository Institutions (Reg D) Electronic Fund Transfer (Reg E) Limitations on Interbank Liabilities (Reg F) International Banking Operations (Reg K) Consumer Leasing (Reg M) Loans to Insiders (Reg O) Privacy of Consumer Financial Information (Reg P) Prohibition Against the Paying of Interest on Demand Deposits (Reg Q) Credit by Brokers and Dealers (Reg T) Credit by Banks and Persons Other Than Brokers or Dealers for the Purpose of Purchasing or Carrying Margin Stock (Reg U) Transactions Between Member Banks and Their Affiliates (Reg W) Borrowers of Securities Credit (Reg X) Truth in Lending (Reg Z) Unfair or Deceptive Acts or Practices (Reg AA) Community Reinvestment (Reg BB) Availability of Funds and Collection of Checks (Reg CC) Truth in Savings (Reg DD)

Types of bank charter	Credit union Federal savings association Federal savings bank National bank State bank

State authorities	California Colorado Florida Illinois Maryland Michigan New Jersey New York Ohio Oklahoma Oregon Pennsylvania Tennessee Virginia

Terms	Call report CAMELS rating system Thrift Financial Report

Other topics	Fair debt collection History of central banking in the United States Wildcat banking

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