The annual Summary of Deposits (SOD) survey and instructions for
the period ending June 30, 1999, will be mailed on July 9 to institutions with more than a
main office facility. While minor changes have been made to the instructions for
clarification, no changes have been made to the survey.
Financial institutions will again have the option to FILe their SOD survey electronically rather than return the hard-copy form. Electronic Data
Systems (EDS) serves as the collection agent for the SOD survey. For your bank to FILe its SOD survey electronically, you must use computer software that has been certified by EDS.
Certified software is available through certain vendors that have completed a certification process. Alternatively, your bank may develop its own SOD software, but you must complete the certification process.
EDS has certified for electronic submission software
products marketed by DBI Financial Systems, Inc. (800-774-3279), DPSC Software,
Inc. (800-825-3772),and Sheshunoff Information Services, Inc.
(800-505-8333). The FDIC has provided these software companies with a significant number
of edits that it uses to validate SOD survey information.
The FILing deadline for submitting the hard-copy form is July 30, 1999; for electronic
FILing, the deadline is August 16, 1999.
Please contact the FDIC Trust and Survey Group at 1-800-765-4081 if you have recently
established your first branch office, or if you have a branch office but have never
completed a SOD survey. A listing of financial institutions and the branch offices
reported to the FDIC is available on the FDICs Internet site at: www2.fdic.gov/structur/search/findoneinst.asp.
If your institution was involved in a merger or purchase/sale prior to July 1 that is
not reflected on the survey form that you receive in early July, please contact the FDIC
Structure Unit at 202-898-3834 or send an e-mail (firstname.lastname@example.org). The FDIC will
ensure that the transaction is processed immediately, and we will send a revised SOD
survey form. The software vendors will also send revised software packages to applicable
institutions by July 28, if requested.
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 printout or on
magnetic tape. SOD survey data are also available on the FDICs Internet site
For further information, please call Shirley S. Peterson, Supervisory Survey Analyst in
the Division of Supervision, on 202-898-6571.
James L. Sexton
Distribution: Insured Commercial Banks, FDIC-Supervised Savings Banks, and Insured U.S.
Branches of Foreign Banks
NOTE: Paper copies of FDIC financial institutions letters may be obtained through the
FDIC's Public Information Center, 801 17th Street, NW, Room100, Washington, DC 20434
(800-276-6003 or (703) 562-2200).