Regulatory Track FFIEC Central Data Repository: Adding Value to the Data Supply Chain Alan Deaton, Federal Deposit Insurance Corporation June 25, 2009

Overview of the Call Report Overview of the Central Data Repository (CDR) Value-added functionality Public Data Distribution Uniform Bank Performance Report XBRL for Bank Examinations FDICs GENESYS application (Proof of Concept) for bank supervision Other FDIC applications

All U.S. Banks and Thrifts are required by the Federal Financial Institutions Examination Council (FFIEC) to file quarterly reports with their regulator as of the close of business on the last day of each calendar quarter Federally Insured Banks file consolidated Reports of Condition and Income (Call Reports) Federally Insured Savings Institutions file Thrift Financial Reports (TFRs) Banks have 30 days to submit data unless they have multiple foreign offices, then 35 days

Approximately 7,500 filing entities as of March 31, 2009 Approximately 1,200 financial concepts reported by an entity Approximately 2,000 validation criteria used to check quality Over 429 pages of instructions Call Report data available electronically from as early as 1959 Since 1998, all banks have been required to file Call Report data electronically

Before the CDR and XBRL: Validation routines and formulas stored in and processed by two systems (FRB, FDIC) Banks submit data after some minimal checks in their software - inconsistencies between preparation software packages Software vendors receive Call Report metadata from Excel, PDF, and Word documents – cut and paste into their software Agency analysts would check data quality once files had been submitted and contact bankers with any questions – often 1-3 weeks after initial submission

Three banking agencies developed the Central Data Repository (CDR) Used XBRL to define and transport data Data receipt Data validation Storage Distribution CDR launched on October 1, 2005 Key policy change ~ pre-validation using XBRL Very Successful implementation

After the CDR and XBRL: FFIEC developed the XBRL-based CDR with Unisys Corporation as systems integrator Metadata stored in XBRL taxonomy files now available to anyone The same taxonomy files that contain validation criteria the agencies use in the CDR are used in Call Report software vendor packages Banks are required to check the quality of their data before submitting Agencies do not accept data with quality problems Quality assurance work is done by reporters up front, when it is more efficient

Validity – equations that must hold true or the data is inaccurate Quality – data relationships that help identify anomalies Reportability – identify what financial concepts an entity should submit based on their structural or financial characteristics

Value Added Business & Performance Metrics - Uniform Bank Performance Report (UBPR) Capital Adequacy Asset Quality Earnings Liquidity Growth Rates Industry Standards Regulatory International ~ Basel II

UBPR Modify data by (+, -, /, *) Apply functions (annualize, %change) Consistently applied across Data Industry Comparability

UBPR: in CDR as early as December 2009

Public Data Distribution: Leveraging XBRL

Public Data Distribution: Bulk Data

Public Data Distribution: Public Web Service Retrieve Panel of Reporters Institution identifiers, simple structure data, and indicator whether data is available Retrieve filers since a given date List of institutions Retrieve facsimile PDF SDF XBRL

GENESYS Proof of Concept (POC) General Examination System (GENESYS) – FDICs system for creating the Report of Examination Current system relies on outdated technology Current system must be manually updated each quarter Cannot look back to prior quarters Delivery of system is not timely

GENESYS Proof of Concept: Goals Enable web services Retrieve taxonomy and bank data from CDR Leverage taxonomy information internally Formulas Presentation Real-time data retrieval, manipulation and analysis POC could provide the basis for future internal systems development: GENESYS Modernization Project in 2010 Other internal FDIC systems