View PDF

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

Federal Reserve Bank of Dallas
2200 N. PEARL ST.
DALLAS, TX 75201-2272

February 7, 2005

Notice 05-09

TO: The Chief Executive Officer of each
financial institution and others concerned
in the Eleventh Federal Reserve District
SUBJECT
Implementation of Web-Based Central Data Repository
for Bank Financial Data
DETAILS
The federal banking agencies have announced a new implementation plan for the Central
Data Repository (CDR)—an Internet-based system created to modernize and streamline how the
agencies collect, validate, manage, and distribute financial data submitted by banks in quarterly
“Call Reports.” While banks will not be required to submit Call Report data to the CDR until
October 2005, the agencies plan to make the CDR available for testing by banks and software
vendors early this summer.
Originally scheduled for implementation in October 2004, rollout of the CDR was
postponed to address industry feedback and allow more time for system testing and enrollment.
The new implementation plan resulted from discussions with industry representatives including
software vendors, trade associations, and a number of banks from across the country that
participate in the Financial Institutions Focus Group for the CDR project. The new plan provides
additional time for each group to participate in testing to help ensure a smooth integration of the
new technology into the Call Reporting process.
Beginning this summer, the CDR will be made available to banks for enrollment and
testing of their ability to access the system. Also, during this period, software vendors will be

For additional copies, bankers and others are encouraged to use one of the following toll-free numbers in contacting the Federal
Reserve Bank of Dallas: Dallas Office (800) 333-4460; El Paso Branch Intrastate (800) 592-1631, Interstate (800) 351-1012;
Houston Branch Intrastate (800) 392-4162, Interstate (800) 221-0363; San Antonio Branch Intrastate (800) 292-5810.

-2working with the agencies to prepare for the final test of system readiness in August. Full system
implementation, planned for October, will mark the first time all institutions will be required to
file their Call Report data using the new CDR.
Through the use of new open data exchange standards (known as “eXtensible Business
Reporting Language,” or XBRL), the CDR system will facilitate faster delivery of accurate Call
Report data. All users of the data—financial institutions, the public, and banking regulators—are
expected to benefit from this improved, timelier flow of financial institution information.
This initiative—the Call Report Modernization Project—is an interagency effort under
the auspices of the Federal Financial Institutions Examination Council (FFIEC). Additional
project details and other important information are posted on the FFIEC’s web site at
www.ffiec.gov/FIND.
MORE INFORMATION
For more information, please contact Dorsey Davis, Banking Supervision Department,
at (214) 922-6051. Paper copies of this notice or previous Federal Reserve Bank notices can be
printed from our web site at www.dallasfed.org/banking/notices/index.html.


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102