Federal Deposit Insurance Corporation
Board of Governors of the Federal Reserve System
Office of the Comptroller of the Currency
Conference of State Bank Supervisors
For Immediate Release
March 22, 2013
Increase in Required Electronic Loan Data Fields
Federal and state bank supervisors today announced an increase in the number of required loan data fields in the Interagency Loan Data Request (ILDR). The federal agencies making today's announcement were the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency. They were joined by the Conference of State Bank Supervisors (CSBS).
The ILDR is a voluntary, standardized data request that banks can use to electronically submit loan information for safety and soundness examinations. The electronic collection of this loan level data reduces the time that examiners spend compiling the information, giving them more time to verify and analyze the data. In turn, banks benefit from a more efficient examination process.
While participation in the ILDR is voluntary, certain data fields are mandatory for those who choose to electronically submit the information. The federal agencies and the CSBS are now increasing the number of required fields from five to 30 to facilitate greater consistency in the data submission process. There are 82 fields in total.
The attachment provides a list of the data fields and highlights the required fields. Other than the change in the number of required fields, the ILDR format and layout remain unchanged. Financial institutions using the ILDR should provide the new required loan data fields for examinations starting on September 30, 2013.