The Federal Reserve Board and the Federal Deposit Insurance Corp. have created a standard set of data that state-chartered banks may submit electronically to consumer compliance and Community Reinvestment Act examiners.

Institutions may continue supplying information on paper, but filing electronically will reduce the time examiners spend at banks, officials said.

"Examiners will be able to focus the scope of on-site activities for a more efficient and less intrusive examination," the agencies' consumer affairs directors wrote in a Nov. 17 letter to chief executives of FDIC- supervised institutions. The Fed will send a similar letter to its member banks this week.

The letters include a list of 199 pieces of data on customers, loans, and deposits that institutions may provide the government electronically.

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