Definitions
The definitions below are derived from the OMB guidelines published in the Federal Register on February 22, 2002 (67FR8459-8460).
Quality: Quality is an encompassing term that includes objectivity, utility, and integrity. Therefore, the guidelines may refer to the above four terms, collectively, as "quality."
Objectivity: Objectivity includes whether disseminated information is accurate, clear, complete, and unbiased both in presentation and substance. In a financial or statistical context, the original and supporting data shall be generated, and the analytic results shall be developed, using sound statistical and research methods.
Utility: Utility refers to the usefulness of the information to the FDIC and to the public users.
Integrity: Integrity refers to the security of the information, protection of the information from unauthorized access or revision, to ensure that the information has not been compromised in any manner.
Influential: When used regarding financial or statistical information, influential means that the FDIC can reasonably determine that dissemination of the information will have or does have a clear and substantial impact on important public policies or important private sector decisions.
Reproducibility: Reproducibility means that the statistical and financial data disseminated by the FDIC is capable of being substantially reproduced by an independent evaluator, subject to some degree of imprecision.
Transparency: Transparency means that the sources, methods, procedures, references, and assumptions employed to create the information are provided.