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Data and Knowledge Management at the Federal Reserve Board

Presenter 1
Andy Boettcher
Federal Reserve Board

The Federal Reserve Board purchases and creates numerous datasets to support its role in monetary policy, banking regulation, and consumer protection. To better manage these datasets, the Board has built a metadata repository called the Data and News CataloguE (DANCE) to store descriptive dataset characteristics. The growing number of datasets and their corresponding security and licensing issues motivated a data initiative, in which the Board's research community identified enhancements that could be made to DANCE. Planned improvements include the addition of Dublin-Core standard metadata, the communication of changes in metadata, and the dissemination of metadata on new datasets. The improvements are expected to foster more collaboration which will enable better research. This paper will chronicle DANCE's original role within the organization and its transformation into a knowledge management solution.

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