Financial Update (Second Quarter 2004)



FEATURES

 Deterring Money
 Laundering

 Gramm-Leach-Bliley’s
 Surprising Effects

 Conference Eyes
 Wall Street's Future

 Guynn Discusses
 Growth, Policy

 Fed Guidance
 on Fair Banking

 Check Processing
 Consolidates

 Mortgage Market
 Hits Record

 New Call Report
 Web Site

 Do Markets Reveal
 Their Future Activity?

 New $50 Unveiled

 Davis Joins
 Atlanta Fed Board

 Atlanta Fed Hosts
 ACH Conference

 Atlanta Fed Issues
 2003 Annual Report

 EconSouth
 Redesigned

 New Atlanta Fed
 Subscriber Service

DEPARTMENTS

 Data Bank

 Circular Letters

STAFF

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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 Council’s (FFIEC) Call Report Modernization initiative.

Related
Call Report Modernization Initiative Web site

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 Data—Bank 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 agencies—the Federal Reserve Board, the Federal Deposit Insurance Corp., and the Office of the Comptroller of the Currency—are 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.

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