3: Management Information
The design, development and operation of application systems that support business operations and provide necessary management
information.
Other Information:
The Future of IAD: The Office of Supervision has increased its focus on safety and soundness, substantially increasing the
need for additional information resources. Several new sources of data have been identified and will require new systems and
tools for collection, management, analysis and reporting. In addition, AHP, CICA, AMA, and CRS data requirements are under
review to assure that the information currently collected supports the agency’s mission. The existing IAD architecture is
now being used to help facilitate this analysis. The IAD process will continue to serve as the method for managing the selection
and implementation of the technology needed to meet these new requirements. The Finance Board will develop a technology architecture
that will facilitate the collection and sharing of data at an enterprise level. It will incorporate Internet, database and
data warehousing technologies to provide a flexible, scalable system for accessing and sharing information. As stated in its
business goals, the Federal Housing Finance Board is committed to providing a program of bank supervision that fosters safe
and sound operations at each of the Federal Home Loan Banks; ensures the Federal Home Loan Banks serve the nation’s housing
finance and community investment needs; and ensures that the Finance Board’s supervisory, managerial and legal resources support
effective, efficient and responsive bank supervision, regulation and housing mission oversight. Achievement of these goals
is highly dependent on effective data management, and the ability to provide the timely, accurate and complete information
each business area needs. Technology is crucial in this regard, but to be used successfully technology decisions must remain
aligned with the agency’s mission. The business needs of the agency should drive the design and implementation of information
systems. To accomplish this, ISTS will focus on the following areas: · Work closely with each functional area of the agency
by conducting formal analysis sessions to understand and document the business requirements of each group in accordance with
IAD methodologies. · Use the resulting business model to drive the design and selection of technology solutions. · Analyze
business requirements collectively at an enterprise level and develop a proposed “to-be” technical model that correlates to
the business model. · Use the enterprise architecture to guide the deployment of systems that meet the needs of each core
business area while leveraging existing technologies and sharing data. · Implement and support the technologies and systems
needed to manage the data collection, analysis and reporting requirements of the agency. · Implement and support the technologies
and systems needed for the internal operations and management of the agency. One of the first initiatives in the application
area will be the development and implementation of an Enterprise Data Repository. This EDR will be system-neutral— data will
arrive in the warehouse directly from FHLBanks or over a feed from an existing system. As such, the ERD does not do away with
the need for systems, but rather allows users to better determine from experience how much future data process automation
might be useful or necessary It will, however, render unnecessary any current or proposed system whose primary function is
simply collecting and reporting data.
Objective(s):
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