WRDS provides Web access to a number of financial research databases, including Compustat, CRSP (Center for Research in Securities Prices), Dow Jones Averages, FDIC, and Philadelphia Stock Exchange. WRDS is intended for academic, non-commercial purposes only. All databases have been licensed for the non-profit educational use of Penn State faculty, staff, and students. Copyright law and individual license agreements govern their use. Accessing the Database: Users open individual accounts by registering at the WRDS home page. WRDS defines different accounts for users depending on their affiliation with the university. Within 48 hours, Penn State WRDS account representatives will verify the users’ affiliation with the university and confirm or deny the account accordingly. WRDS Terms of Use [User Agreement].