Wednesday, February 4, 2009

IRA Bank Reports Timing - Why Mid-Quarter?

IRA reports are based on FDIC CALL/TFR Reports. We need these more detailed reports to accomplish the level of bank safety and soundness analysis that we do. Bear in mind that IRA’s bank analytics covers all FDIC reporting institutions. Of these only some are publicly traded companies. Our analysis engines run detailed analytics on the universe of active U.S. bank holding companies as well as the individual unit institution members of a holding company.

Timing of production is keyed to the FDIC’s internal processing schedules. The FDIC holds release of the master dataset for each quarter’s filings for 45 days to perform internal cleaning prior to releasing it for analytics use. We get the data and process it to build the industry stress statistics typically just before the FDIC does its’ mid-quarter press conference. We try to release our reports to coincide with the FDIC conference date provided the FDIC arrived on time. An email is sent to all clients informing you that the reports have been updated.

FYI, catalogs of SEC filings for public companies are available on the IRA website. SEC filings contain top level information on companies aimed primarily at stock investors. They typically begin to appear just before the 30 day point after the end of the reporting period, hence the end of month follies in the markets. That’s a little ahead of the FDIC’s much more comprehensive data needed for safety and soundness analysis on banks to help assess the risk within a person/company’s cash and cash equivalents assets. Different portion of the wealth portfolio.

- Dennis

1 comment:

  1. "Bank of England cut the benchmark interest rate to the lowest since the bank was founded in 1694 to help drag the British economy out of the deepening recession."

    Is this milestone event worthy of comment since it is only 100 basis points to zero?

    What is the effect on global central banks once zero becomes a worldwide event?