FIL-62-97 June 30, 1997
(Summary of Deposits Survey Date)
CHIEF EXECUTIVE OFFICER
Summary of Deposits Survey for June 30, 1997
The enclosed Summary of Deposits (SOD) survey forms are to be completed
as of June 30, 1997. Instructions for completing the SOD survey are
enclosed with the set of forms. Please read the instructions carefully.
The instructions have been clarified, and a Table of Contents is provided
for easy reference for reporting new, closed and relocated branches.
Although no major revisions have been made to the form, additional "change
codes" and "service types" have been included. Remember that FDIC-assigned
office numbers should not be changed to reflect the bank's internal office
numbering scheme. A new schedule ("Additions/Changes to Office Structure")
has been added for offices not included on the survey or for offices with
more than one change code. Also new to the form is a "comments" section.
The classification of the types of deposits in the SOD survey are identical
to those used for completing the Consolidated Report of Condition, the Thrift
Financial Report Statement of Condition, and the International Banking
Authority Report of Assets and Liabilities. Therefore, the aggregate total
of all domestic office data reported in the SOD survey must agree with
corresponding domestic deposit data reported in the applicable deposit
liability schedule for June 30. All banks located in the U.S. with offices
in Puerto Rico and U.S. territories and possessions must report deposits for
these offices. Banks must identify a consolidated, estimated or nondeposit
office (CEN) by placing the appropriate code in the CEN code column. In
addition, the main office line item should not be used as a total line;
aggregate bank deposits for all offices should be included on the last
preprinted office page of the set of forms.
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.
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
(email@example.com) 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.
The filing deadline for submitting the hard-copy form is July 30, 1997. The
originals of the SOD survey should be sent in the enclosed envelope to:
Summary of Deposits
Federal Deposit Insurance Corporation
P.O. Box 3724
Crofton, MD 21114
Financial institutions filing electronically have until August 15, 1997, to
file the SOD survey through the procedures provided by their software vendor.
Banks filing electronically should not mail a hard copy of their SOD survey
to the FDIC. The last page of the FDIC-supplied printed survey with the
signature and attestation should be maintained in the bank's files.
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
For further information about the SOD survey, please contact Shirley Peterson
toll-free at 1-800-765-4081, extension 86571. Thank you for your cooperation
in making the SOD survey as accurate and complete as possible.
Nicholas J. Ketcha Jr.
Enclosures are specific to particular institutions and will be set to them by
regular mail; thus they will not be posted to the FDIC website.
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).