[Federal Register: January 7, 2004 (Volume 69, Number 4)]
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE CORPORATION
Voluntary Testing and Mandatory Enrollment for a New Method of
Submitting the Consolidated Reports of Condition and Income
AGENCIES: Office of the Comptroller of the Currency (OCC), Treasury;
Board of Governors of the Federal Reserve System; and Federal Deposit
SUMMARY: The Federal Financial Institutions Examination Council
(FFIEC), of which the agencies are members, has approved the agencies'
publication of this notice announcing the voluntary testing and
mandatory enrollment for a new method of submitting the Consolidated
Reports of Condition and Income (Call Report; FFIEC 031 and 041).
Testing will be conducted in three phases (a functional pilot, and end-
to-end test, and a 100+ bank test), after which there will be mandatory
global enrollment in the new system for all institutions that file the
DATES: TESTING TIMEFRAME: Second and third quarters 2004.
FOR FURTHER INFORMATION CONTACT: OCC: John Ference, Acting OCC
Clearance Officer, or Camille Dixon, (202) 874-5090, Legislative and
Regulatory Activities Division, Office of the Comptroller of the
Currency, 250 E Street, SW., Washington, DC 20219.
Board: Cynthia M. Ayouch, Board Clearance Officer, (202) 452-2204,
Division of Research and Statistics, Board of Governors of the Federal
Reserve System, 20th and C Streets, NW., Washington, DC 20551.
Telecommunications Device fort he Deaf (TDD) users may call (202) 263-
FDIC: Steven F. Hanft, (202) 898-3907, Room MB-3064, Legal
Division, Federal Deposit Insurance Corporation, 550 17th Street, NW.,
Washington, DC 20429.
Banks file Call Report data with the agencies each quarter for the
agencies' use in monitoring the condition, performance, and risk
profile of reporting banks and the industry as a whole. In addition,
Call Report data provide the most current statistical data available
for evaluating bank corporate applications such as mergers, for
identifying areas of focus for both on-site and off-site examinations,
and for monetary and other public policy purposes. Call Report data are
also used to calculate all banks' deposit insurance and Financing
Corporation assessments and national banks' semiannual assessment fees.
The FFIEC has contracted with the Unisys Corporation and its
development team to build a Central Data Repository (CDR) for the
collection, validation, and distribution of Call Report data submitted
by banks. The FFIEC anticipates that implementation of the new CDR
system will start with the Call Reports for September 30, 2004. Under
this new system, all institutions will be required to file their Call
Report data via the Internet using software that contains the FFIEC
edits for validating Call Report data prior to submission. Call Report
software vendors are currently modifying their software to incorporate
II. Testing and Global Enrollment
This notice announces the voluntary testing and mandatory
enrollment for the new CDR System. As discussed below, the testing will
be conducted in three phases (Functional Pilot, End-to-End Test, and
100+ Bank Test) and will be followed by a mandatory Global Enrollment
[bull] Functional Pilot: This testing phase would include fifteen
banks beginning in approximately April 2004 and would use only test
data (from the past five quarters). As part of this phase of testing
each participating bank would be expected to sign a ``Letter of
Intent'' signup system to set up user IDs and passwords. After
enrollment the bank would work with its software vendor to install and
test software that is compatible with the new CDR system.
Simultaneously, the agencies would distribute testing instructions to
each participating bank while the vendors distribute the new taxonomies
and text data files to the banks. The banks would then prepare and
submit their test Call Report data and subsequently participate in a
validity edit failure resolution test. Finally, each bank would
participate in feedback discussions regarding the results of the first
phase of testing.
[bull] End-to-End Test: This phase of testing would include thirty
banks (the original fifteen banks plus fifteen additional banks)
beginning in approximately May 2004, and would use both test data (from
the past nine quarters) and a sample of the banks' actual data. The new
banks would be required to complete the same procedures as the original
banks in the Functional Pilot except for the enrollment portion, which
would be completed through the Global Enrollment at a later time. At
the commencement of phase two all thirty banks would have the new
software release installed by the software. The banks would also
participate in a test of the three helpdesks (software vendor
helpdesks, CDR helpdesk, and Call Report Analyst assistance).
[sbull] 100+ Bank Test (Volume Test): This phase of testing would
include 100 banks (the thirty banks from the End-to-End phase and
seventy additional banks) beginning in approximately August 2004 and
would use the banks' most recent quarter-end data. All participating
banks would be required to complete the same procedures as were
required in the first two test phases. In addition, this phase would
require all participating banks to submit Call Report data twice, once
via the legacy Electronic Data Systems Corporation process and once via
the new CDR system. This type of testing is referred to as ``side-by-
side testing,'' which enables the agencies to test whether identical
and accurate results are received. Prior to the data transmission,
banks will receive directions on the date and time for the submission
of Call Report data to help ensure peak volume testing.* Global
Enrollment: Enrollment will be available in approximately late August
or early September 2004 for all banks. This phase is mandatory for all
banks that file Call Report data with the agencies. (Only the original
fifteen test banks that completed the enrollment process during the
Functional Pilot will be fully exempt from the Global Enrollment.)
Banks that participated in testing phases two and three would only be
required to enroll (provide contact information and set up user IDs and
passwords) via the CDR website. All other banks would be required to
use the CDR website to enroll and download test data and would
subsequently submit test Call Report data.
At the end of each testing phase the comments and recommendations
received from the participating banks will be analyzed to determine the
extent to which the FFIEC should modify the proposed testing and
[This signature page pertains to the joint notice]
Dated: December 15, 2003.
Mark J. Tenhundfeld,
Assistant Director, Legislative and Regulatory Activities Division,
Office of the Comptroller of the Currency.
Board of Governors of the Federal Reserve System.
Dated: December 24, 2003.
Jennifer J. Johnson,
Secretary of the Board.
Dated: at Washington, DC, this 24th day of December, 2003.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
[FR Doc. 04-56 Filed 1-06-04; 8:45 am]