Financial Institutions Must Convert to Web-Based Reporting

After March 31, the Federal Reserve will discontinue support of all DOS-based FedLine® informational services, including FR 2900 Reporting. Depository institutions that use FedLine to report FR 2900 data are encouraged to convert to Internet reporting using Internet Electronic Submission (IESUB) as soon as possible. For more information, contact Don Wright at (314) 444-8628 or 1-800-333-0810, ext. 44-8628.

Additionally, a new method for submitting Call Report data will be implemented in October. The FFIEC has contracted with the Unisys Corp. to build a Central Data Repository (CDR) for the collection, validation and distribution of Call Report data. All institutions that file Call Reports will be required to file their data via the Internet using software containing FFIEC edits that validate the institution's data prior to submission.

Institutions will be required to enroll via the CDR web site in order to provide contact information and set up user IDs and passwords. The FFIEC anticipates that institutions will be able to access the new CDR web site by late August or early September-just in time for the Sept. 30 Call Reports.

More information about CDR will be distributed through ED, the St. Louis Fed's e-mail alert system, www.stlouisfed.org/email-alerts. A full listing of the 2004 regulatory reports submission deadlines can be found at www.stlouisfed.org/banking/reporting/.

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