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Inactive Financial Institution Letters

Summary of Deposits Survey
Filing for June 30, 2005
FIL-47-2005
June 8, 2005


Summary: All FDIC-insured institutions with branch offices are required to submit their annual Summary of Deposits surveys as of June 30. The SOD survey is due by July 30, 2005; however, electronic filers have until August 15, 2005, to submit their survey.

Highlights:
  • Forms and instructions will not be mailed out automatically for the 2005 survey; however, instructions, contact information, survey facsimiles and the FDIC's Interactive SOD survey Web site filing option can be found at http://www2.fdic.gov/sod/.
  • Financial institutions are strongly encouraged to file their survey electronically, and those who do so have an extra 15 days to file.
  • There are two electronic filing options that bankers have this year: using software provided by vendors that have been certified by EDS or using the FDIC's interactive SOD survey Web site filing option.
  • EDS-certified vendors are DBI Financial Systems, Inc. (1-800-774-3279), Fidelity Regulatory Solutions (1-800-825-3772), FRS Global Financial Reporting (704-501-5619), and Jack Henry and Associates, Inc. (1-800-688-9191).
  • Please review your branch data before June 30, 2005. You can view your latest branch information at www2.fdic.gov/idasp. Submit changes with your survey.
Continuation of FIL-47-2005

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:
Updating of branch structure records

Attachment:
None

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

Printable Format:
FIL-47-2005 - PDF 48k (PDF Help)

Note:
FDIC Financial Institution Letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/news/financial/2005/index.html.

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

Paper copies of FDIC FILs may be obtained through the FDIC's Public Information Center, 801 17th Street, NW, Room 100, Washington, DC 20434 (1-877-275-3342 or (703) 562-2200).



Financial Institution Letters
FIL-47-2005
June 8, 2005

Summary of Deposits Survey
Filing for June 30, 2005

The Summary of Deposits (SOD) is the annual survey of branch office deposits for all FDIC-insured institutions as of June 30. Financial institutions are strongly encouraged to file their surveys electronically. The Summary of Deposits survey is due by July 30, 2005; however, electronic filers have until August 15, 2005, to submit their survey. Banks with only a main office are exempt from this survey.

Forms and instructions will not be mailed out automatically for the 2005 survey; however, instructions, contact information and survey facsimiles can be found at http://www2.fdic.gov/sod/.

This year, institutions have two electronic filing options: using software provided by vendors that have been certified by Electronic Data Systems (EDS), or using the FDIC's interactive SOD survey Web site filing option.

FDIC Web Site Filing - Financial institutions will again have the option of filing the SOD survey via the Internet. This option is recommended for those banks that used this method last year or submitted paper surveys. The Internet option includes the ability to print worksheets, revise branch structure information and to correct errors during data entry. In addition, it is a more reliable filing method than by paper. You can submit your survey using the Internet option by going to the Summary of Deposits Web site at http://www2.fdic.gov/sod/ and selecting the SOD survey link.

Vendor Filing - EDS serves as the collection agent for the SOD survey. For your bank to use the EDS option, 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 this software must also undergo the certification process.

EDS has certified for electronic submission software products marketed by DBI Financial Systems, Inc. (1-800-774-3279), Fidelity Regulatory Solutions (1-800-825-3772), FRS Global Financial Reporting (704-501-5619) and Jack Henry and Associates, Inc. (1-800-688-9191). The FDIC has provided these software companies with a significant number of edits used in validating SOD survey information.

Please review your branch locations before June 30. You can view your latest branch information at the FDIC's Internet site (www2.fdic.gov/idasp). To review a list of your branch offices at this site, select "Find All - Offices." Enter the bank's certificate number or name of the institution, then select "Find." The list of branches will be presented in state and county order. If the branch information for your institution is not correct when you file the SOD survey, please make all changes in the electronic submission. The software vendors will also send revised software packages to institutions after July 12, if requested. When completing your revisions related to mergers or branch purchase and assumptions, please include the name, city and state of the other institution involved in the transaction and the effective date of the transaction in the comments section.

All data collected from the SOD survey are available to the public and are available on the FDIC's Internet site (www2.fdic.gov/sod). We expect the 2005 survey results to be available by October 17, 2005.

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

Arthur J. Murton
Director
Division of Insurance and Research



Last Updated 7/07/2005 communications@fdic.gov