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