Banks and Thrifts:
Cause of Federal Regulators' Delays in Releasing Timely Call Report Data
IMTEC-91-26BR, Feb 26, 1991
Pursuant to a congressional request, GAO provided information on: (1) federal bank and thrift regulators' automated processes for collecting, producing, and distributing call report data; and (2) causes of and regulators' responses to recent delays experienced in releasing such information.
GAO found that: (1) banks and thrifts transmitted the data electronically via computer links or sent it manually through the mail to the Federal Reserve System (FRS), the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision (OTS); (2) the regulators edited the data for accuracy and submitted their edited data on magnetic tapes to the National Technical Information Service (NTIS); (3) NTIS produced copies of the data and made them available to the public; (4) automated systems' problems at FRS and OTS caused call report delays for the first quarter of 1990; and (5) FRS and OTS responded to those problems by either developing temporary software or correcting existing software to produce call report data.