The annual Summary of Deposits (SOD)
survey form and instructions for the period ending June 30, 1998, will
be mailed on July 7 to institutions with more than a main office facility.
No changes have been made to the survey; however, minor changes have been
made to the instructions and definitions for clarification purposes.
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. In order 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 and go through the certification process. The FDIC
will not accept magnetic tape as a source document this year.
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 submission
of the hard-copy survey form is July 30, 1998. Financial institutions
filing electronically must submit their surveys by August 14, 1998.
If your institution is involved
in a merger or purchase/sale prior to June 30 and it is not reflected
on your initial survey form, please notify the FDIC Structure Unit at
202-898-6858 or send an e-mail to firstname.lastname@example.org.
We will ensure that the transaction is processed immediately and will
mail you a revised SOD survey. The software vendors have indicated that
they will also send a revised software package to applicable institutions
Please contact the FDIC Trust
and Survey Group at 1-800-765-4081 if you have recently established your
first branch office, or you have a branch office but never completed a
SOD survey because our records indicate that you do not have one. We will
ensure that your branch office is included in the FDIC's Structure database.
A listing of financial institutions and branch offices is available on
the FDIC's Internet site at: www2.fdic.gov/structur/search/findoneinst.asp.
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 (www.fdic.gov).
Thank you for your cooperation
in making the SOD survey as accurate and complete as possible. For further
information, please call Joy L. Larson, Supervisory Program Specialist
in the FDIC's Division of Supervision, on 202-898-6938.
Nicholas J. Ketcha
Distribution: Insured Banks (Commercial
and Savings) and
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 (800-276-6003
or (703) 562-2200).