Advancing Enterprise Architecture XBRL and the Collection of

Advancing Enterprise Architecture XBRL and the Collection of Call Report Data. Mike Bartell Chief Information Officer FDIC

FFIEC Call Report Modernization Project v FFIEC Call Agencies Ø FDIC Ø FRB Ø OCC v XBRL – e. Xtensible Business Reporting Language v Operational launch is planned for the third quarter – October 1, 2005 2

FFIEC Central Data Repository Project Goals v Update the process by which Call Report data are defined, managed and used v Gain industry-wide efficiencies in the exchange of financial data by using the Internet and XMLbased standards v Create an extensible platform for current and future reporting needs 3

Expected Results v Faster exchange of data between banks and FFIEC Call Agencies v Resources shared more effectively among FFIEC Call Agencies v Easier accommodation of Call Report changes v Long-term potential to facilitate bankers’ reuse of data among multiple regulatory and internal reporting needs v Provides structure for automating straight-through processing 4

Benefits - Agencies v Decrease the time between the receipt of data and the release of data to the public v Decrease the cost of data collection for all parties v Improve data transparency through defined open standards v Create a flexible system that can accommodate evolving business needs v Provide best information and tools to help financial institutions meet their obligations for submitting timely and accurate reports 5

Benefits - Bankers and Vendors v XBRL can help lower long-term costs Ø Improved data quality and timeliness Ø Vendor products easier to maintain and leverage v XBRL frameworks are extensible Ø Developing additional frameworks can be simplified when data requirements are shared v Many institutions report similar data to federal, state and local governments Ø Potential for consolidating regulatory reporting 6

Why XBRL? v Provides foundation data for bank supervision and industry analysis v Data structures are well-documented Ø More than 8, 300 institutions report quarterly Ø Currently collect 2, 000 data fields Ø Nearly 400 pages of instructions Ø 1, 500 edit formulas to promote data quality v Promotes effective data exchanges across legacy systems without significant re-programming 7

Major Business Model Changes - Agencies v What’s New Ø Centralized data storage and processing facility § Shared costs and management § Meta-data published in XBRL format § Historical data available for banks and vendors § Expedited data publication v What’s the Same § Timely and accurate Call Report requirements § Customer service for requirements; exceptions and accounting rules 8

Major Business Model Changes - Banks v What’s New Ø Elimination of paper-based meta-data materials (forms, instructions, validation criteria) Ø Pre-validation of data required § Math and logic errors eliminated before processing § Quality edit variances require explanation Ø Internet delivery of data to CDR Ø More responsibility for amended data v What’s the Same Ø Ultimate responsibility for data Ø Relationship with software providers Ø Little or no impact on legacy systems 9

Major Business Model Changes - Vendors v What’s New Ø Ø Ø Meta-data management process centralized XBRL inputs and outputs Support pre-validation requirement Support reporter authentication, authorization and file format Historical data available for edits Potential for cost savings over time (ease of update, reusability) v What’s the Same Ø Continue to provide software and services Ø Ability to leverage processes and services to customers 10

Industry Participation Focus Groups v Facilitate communication and coordination with major stakeholders v Four major Focus Groups: Ø Financial Institutions Focus Group Ø Call Report Software Vendors Focus Group Ø XBRL Standards Group Ø Technology Forecasting Group 11

Operational launch is planned for the third quarter – October 1, 2005 Additional information available at: www. FFIEC. gov/FIND 12