Wednesday, April 19, 2006

Federal Reserve Board announces new Data Download application

The Federal Reserve Board announced today its new Data Download application, which provides interactive access to Federal Reserve statistical data in a variety of electronic formats. It is a pilot program and comments are sought.

Data Download is the first application to allow custom data packages to be created in SDMX-ML, a technical statistical data standard that is gaining support among central banks and statistical agencies, according to the news release. Details and tips for use are found under "Things You Should Know."

Data from the following four releases are now available: Industrial Production and Capacity Utilization (G.17), Flow of Funds Accounts of the United States (Z.1), Commercial Paper, and Selected Interest Rates (H.15). More releases will be added in the future. The application delivers customized data sets in machine-readable electronic formats (Excel, CSV, XML) or allows for quick downloading of formatted data packages.

The SDMX-ML technical standard was developed by the Statistical Data and Metadata Exchange (SDMX) initiative under the governance of the Bank for International Settlements, the European Central Bank, World Bank, International Monetary Fund, Eurostat, the United Nations, and the Organisation for Economic Co-operation and Development.

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