Home > News & Events > Inactive Financial Institution Letters




Inactive Financial Institution Letters

FIL-60-97
June 13, 1997

 

TO: CHIEF EXECUTIVE OFFICER
SUBJECT: Summary of Deposits Survey for June 30, 1997

The annual Summary of Deposits (SOD) form and instructions will be mailed to your institution the first week in July for the period ending June 30, 1997. Although no major revisions have been made to the form, additional "change codes" and "service types" have been included as well as a "comments" section for more narrative. The form's instructions have also been clarified.

For the first time, financial institutions may file electronically rather than return the hard-copy form. Electronic Data Systems (EDS) serves as the collection agent for the SOD survey. In order for your bank to file its SOD survey electronically, you must use computer software that has been certified by EDS. You may obtain certified software through certain vendors that have completed a certification process, or your bank may develop its own SOD software and undergo the certification process. Currently, SOD software products marketed by DPSC Software, Inc. and Sheshunoff Information Services, Inc. have been certified for electronic submission by EDS. The FDIC has provided these software companies with a significant number of edits that the FDIC uses for validating SOD survey information.

The filing deadline for submitting the hard-copy form is July 30, 1997. Financial institutions filing electronically must submit their surveys by August 15, 1997.

If your institution is involved in a merger or purchase/sale before June 30, 1997, and it is not reflected on your initial survey form, please contact the FDIC Structure Unit via FAX at (202) 898-6952 or send an e-mail (supervision@fdic.gov) with the effective date of the acquisition, the name of the acquired institution and other pertinent information. We will ensure that the transaction is processed immediately and a revised SOD survey form will be mailed around July 15, 1997. The software vendors have informed us that they will send out a revised software package to applicable institutions.

All data collected from the SOD survey are available to the public. Banks may receive published deposit information from the FDIC in booklet form, on computer printouts, on magnetic tape or through the FDIC Internet site:

Bank Data

For further information, please call Joy L. Castillo, Supervisory Program Specialist in the Division of Supervision, on (202) 898-6938.


Nicholas J. Ketcha Jr.
Director

Distribution: Insured Banks (Commercial and Savings) that Operate Branches or Facilities; Insured U.S. Branches of Foreign Banks

NOTE: Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 801 17th Street, N.W., Room 100, Washington, D.C. 20434 ((703) 562-2200 or 800-276-6003). FILs are also available electronically at: News, Events & FOIA

Last Updated 11/9/2011 communications@fdic.gov