New Web Site on Call Report Project
Federal bank regulatory agencies recently launched a project-tracking Web site to provide information on planned changes in banks examination call reports. The site is intended to keep financial institutions and software vendors informed about the Federal Financial Institutions Examination Councils (FFIEC) Call Report Modernization initiative.
Streamlining data management
The goal of the project is to streamline the way bank regulatory agencies manage data, and the new Web site provides a project timeline, progress reports, frequently asked questions, and information about future process changes. The site also includes information about the technology supporting the new call reporting process.
Anticipating the launch
Named FIND (Financial Institutions DataBank Call Reports),
the Web site describes the initiative leading to the implementation
of a new central data repository (CDR) scheduled to become
active on Oct. 1, 2004. FFIEC call report agenciesthe
Federal Reserve Board, the Federal Deposit Insurance Corp.,
and the Office of the Comptroller of the Currencyare
building this CDR to modernize the way these agencies collect,
process, and distribute bank financial data.
The Web site will continue to provide guidance after the initiative is rolled out in the fall of 2004.