6.5: IRM Services
Provide cost-effective and secure information resource management services to Board divisions, support divisional distributed-processing
requirements, and provide analysis on information technology issues to the Board, Reserve Banks, other financial regulatory
institutions, and central banks.
Other Information:
This objective will be pursued in part through the following actions: • Customer Projects. Staff will provide timely, quality
support for customer projects. • Infrastructure Projects. The Board will make investments in the automation infrastructure
to include projects such as information security, disaster recovery, technical training programs, and e-mail and Internet
services. Discussion: Changes in technology have significantly altered the issues facing the Board in the monetary policy
and supervision and regulation areas. Fortunately, the very advances in technology that have caused these adjustments have
also enhanced our ability to conduct real-time surveillance. Nevertheless, obtaining the benefits from technology requires
ongoing investment in a mix of mainframe and distributed-processing equipment; communications capability, including appropriate
bandwidth; and a well-trained and motivated staff. Investments in human capital and technology must be made carefully to ensure
that the results are timely and effective. The infrastructure for maintaining these investments must be efficient and effective
in meeting the diverse needs of the organization. The infrastructure must provide security for data, software, and communications
and the redundancy needed for rapid recovery of operations at other facilities. Finally, the work at the Board must be carefully
synchronized and coordinated with that at the Reserve Banks and frequently with other agencies, particularly in support of
large databases and software required for the supervision and regulation function.
Indicator(s):
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