The federal bank regulatory agencies today announced the
availability of a web site that provides information on the Federal Financial
Institutions Examination Council’s (FFIEC) Call Report Modernization
initiative. The FFIEC Call Report
agencies (the Federal Reserve Board, the Federal Deposit Insurance Corporation
and the Office of the Comptroller of the Currency) are building a central data
repository (CDR) to modernize and streamline how the agencies collect, process,
and distribute bank financial data.
The web site
features a timeline, progress reports, frequently asked questions and answers,
and highlights of future process changes.
It provides details about project participants and how financial
institutions and software vendors can participate in the initiative. The site also contains information outlining
the technology supporting the new reporting process.
The FIND (Financial
INstitutions Data – Bank Call Reports) web site provides details
on the initiative in the months leading up to the implementation of the CDR and
will continue to provide guidance after completion of the initiative. Implementation of the CDR is slated for the
Fall of 2004, and banks will first use the CDR to submit their September 30,
2004, Call Report data to the agencies.
The web site can be accessed at:
www.FFIEC.gov/find.
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Media Contacts:
Federal Reserve Andrew
Williams
(202) 452-2955
FDIC Sally Kearney (202) 898-8675
OCC Dean DeBuck (202)
874-5770