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Inactive Financial Institution Letters

Summary of Deposits Survey
Filing for June 30, 2007
FIL-48-2007
June 15, 2007


Summary: The Summary of Deposits (SOD) is the annual survey of branch office deposits as of June 30 for all FDIC-insured commercial banks, FDIC-supervised savings banks, and insured branches of foreign banks. Institutions with branch offices are required to submit this survey to the FDIC by July 30, 2007.

Highlights:

  • Institutions have two electronic filing options: Electronic Data Systems (EDS), or the FDIC's interactive SOD survey web site.
  • EDS has certified software products to assist in the filing process available from:
  • DBI Financial Systems,
    Inc.
    1-800-774-3279
    Fidelity Regulatory
    Solutions
    1-800-825-3772
    FRS, Global Financial
    Reporting & Analytics
    1-978-698-7176
    Jack Henry and
    Associates, Inc.
    1-800-688-9191
    IDOM, Inc. 1-973-648-0900
  • Information in the SOD survey must be correct. Institutions may review their branch information at http://www2.fdic.gov/idasp. If not addressed previously, branch information corrections must be submitted with your SOD survey.
  • Instructions, contact information, survey facsimiles, and the FDIC's Interactive SOD survey web site filing option are available at http://www2.fdic.gov/sod/.

Continuation of FIL-48-2007

Distribution:
Insured Commercial Banks, FDIC-Supervised
Savings Banks, and Insured U.S. Branches of
Foreign Banks

Suggested Routing:
Chief Executive Officer
Summary of Deposits Preparer

Related Topics:
None

Attachment:
None

Contact:
Data Collection and Analysis Section
at sod@fdic.gov or 1-800-688-3342

Printable Format:
FIL-48-2007 - PDF (PDF Help)

Note:
FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site at http://www.fdic.gov/news/news/financial/.

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html.

Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 3501 North Fairfax Drive, Room E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562- 2200).



Financial Institution Letters
FIL-48-2007
June 15, 2007

Summary of Deposits Survey
Filing for June 30, 2007

The Summary of Deposits (SOD) is the annual survey of branch office deposits as of June 30 for all FDIC-insured commercial banks, FDIC-supervised savings banks, and insured branches of foreign banks. Institutions with branch offices are required to submit this survey to the FDIC by July 30, 2007. Institutions with only a main office are exempt. Instructions, contact information, and survey facsimiles are available at http://www2.fdic.gov/sod/. All data collected from this year's SOD survey will be available to the public through the FDIC's web site by October 19, 2007.

Electronic Filing Options

Institutions have two options for filing electronically:

EDS Filing - EDS serves as a collection agent for the SOD survey data. To facilitate the successful filing of data, EDS has certified software products available from DBI Financial Systems, Inc. (1-800-774-3279); Fidelity Regulatory Solutions (1-800-825-3772); FRS, Global Financial Reporting & Analytics (978-698-7176); Jack Henry and Associates, Inc. (1-800-688-9191); and IDOM, Inc. (973-648-0900).

FDIC Web Site Filing - The FDIC's interactive SOD survey web site is designed for institutions that formerly filed using a paper form and have a small number of office locations. This option allows an institution to print worksheets, revise branch structure information, and edit data during survey completion. Institutions may access the SOD survey web site at http://www2.fdic.gov/sod/ by selecting the "Submit the 2007 Summary of Deposits Survey On-line" link.

Data Accuracy and Validation

Institutions must take care to ensure that all information submitted for the SOD survey is accurate. The FDIC recommends that an institution submit its June 30 Call Report prior to filing its SOD survey to enable deposit total comparisons between the two reports.

To help ensure the accuracy of reported branch office information in the SOD survey, institutions may view their data at www2.fdic.gov/idasp by selecting "Find All - Offices," entering the bank's certificate number or institution name, then selecting "Find." The list of branch offices will be presented in state and county order. If an institution's branch office information is incorrect, the institution must correct the information when it files its SOD survey. If an institution corrects branch office information because of a merger or branch purchase and assumption, the name, city, and state of the other institution involved in the transaction and the effective date must be included in the "comments" section.

Institutions should review the physical address for all branch office locations to ensure consistency with United States Postal Service standards. Physical addresses and zip codes may be verified at http://zip4.usps.com/zip4/welcome.jsp. Institutions should not use post office boxes, mailing addresses other than the actual physical address, street names without actual numbers, intersections, or any other general locations when filing their branch office location information.

For further information, please contact the FDIC Data Collection and Analysis Section at 1- 800-688-3342 or at sod@fdic.gov.

Arthur J. Murton
Director
Division of Insurance and Research




Last Updated 4/21/2009 communications@fdic.gov