FDIC Releases Updated Summary of Deposits Annual Survey
September 30, 2016
Julianne Fisher Breitbeil
The Federal Deposit Insurance Corporation (FDIC) Friday released the survey of branch office deposits as of June 30, 2016, for all FDIC-insured institutions.
The Summary of Deposits (SOD) annually provides deposit totals for each of the more than 91,000 domestic offices operated by more than 6,000 FDIC-insured commercial and savings banks, savings associations, and U.S. branches of foreign banks.
Users can locate offices in a particular geographic area and create custom market share reports for a geographic area such as state, county, and metropolitan area.The FDIC has expanded the market share reports to allow users to see market growth and market presence for specific institutions. Data dating back to 1994 can be downloaded for analysis.
To receive annual updates of the SOD, go to the subscription page on the FDIC website.
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's banks and savings associations, 6,058 as of June 30, 2016. It promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars—insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or 703-562-2200). PR-83-2016