Any summary of transaction activity occurring during an accounting period, usually monthly, but sometimes quarterly, or annually.
1. Banking. A listing of deposits, withdrawals, checks paid, interest earned, and service charges against an account-called a bank statement. It is issued monthly, as required by Federal Reserve regulations, to give customers an opportunity to review their financial records and correct any error. Customer account statements may be delivered by mail, or if the customer chooses, by electronic mail (e-mail) message. See also Account Analysis; Combined Statement; Consolidated Financial Statement; Periodic Statement.
2. Securities. A record of transactions showing status of an account maintained at a broker-dealer firm, net market value of securities owned, cash and securities positions, and so on. Brokerage statements are issued monthly or quarterly, depending on the level of activity in the account.
