Member, Dennis Santiago, demonstrates with poetic elegance how FDIC's XBRL database can be used to help derive analytic conclusions in his "Little Bank Savvy on the Oregon Trail."
The FDIC has required XBRL data to support its database for several years.
All along, the SEC has hoped that analysts will have more time to analyze companies rather than re-keying data. His review is a great example of leading-edge use of the FDIC's XBRL database.
Hopefully, as XBRL becomes a standard resource for financial analysts, more reports will have deeper analyses of underlying fundamental financial performance.
Yes indeed. Bless the FDIC and their leadership in machine-to-machine data integration. The arrival of their CDR system in January 2009 was a critical milestone marking a transition to operational use of a new generation of data intake and downstream transmission techniques. Good stuff!