We hold leading roles in U.S. and international standards development organizations where we work to gain consensus on the establishment and governance of financial identifiers. We also support the development of standards in the area of payments and identity verification. Additionally, we lead the production, maintenance, and deployment of data products that increase market transparency and facilitate research on the financial system for the Financial Stability Oversight Council (FSOC) and its member agencies.
Data Collections
We collect data to support the Financial Stability Oversight Council in fulfilling its mission and duties and use the data to monitor and assess risk. Our collections are authorized by the Dodd-Frank Act and are implemented through strategic rulemaking.
Data Releases
We are required to provide certain data to financial industry participants and to the general public to increase market transparency and facilitate research on the financial system. To meet that requirement, we release aggregated data series on a recurring basis. Our data releases also include the production of financial monitors with downloadable data and some monitors provide data through an API.
Financial Instrument Reference Database (FIRD)
The Dodd-Frank Act mandated the OFR to prepare and publish a FIRD in a manner easily accessible to the public. This product was first produced in 2020 and continues to be updated with new and revised information.
Interagency Data Inventory (IDI)
The IDI is a catalog of data collections by the Council member agencies and other government organizations. The inventory does not contain the data. Instead, it captures metadata about each collection, with a brief description and other details that may be difficult to find otherwise.
Joint Analysis Data Environment
JADE is an OFR-hosted platform designed for the Financial Stability Oversight Council member agencies to analyze risks to financial stability.
Legal Entity Identifier (LEI)
The LEI is an international data standard for identifying the legal entities participating in a financial transaction. The LEI is designed to be a linchpin for financial data — the first global and unique entity identifier enabling risk managers and regulators to identify parties to financial transactions instantly and precisely.
London Interbank Offered Rate (LIBOR) Alternatives
The Federal Reserve Board of Governors and the Federal Reserve Bank of New York convened the Alternative Reference Rates Committee (ARRC) to identify an alternative to LIBOR. The OFR, a member of ARRC, collaborated with the Federal Reserve Board and the Federal Reserve Bank of New York. In June 2017, the ARRC selected the Secured Overnight Financing Rate (SOFR) as its recommended alternative to U.S. dollar LIBOR. We continue to collect data for and advise on the calculation of the SOFR.