Summary of Deposits Survey Filing for June 30, 2013
| Summary: | The Summary of Deposits (SOD) is the annual survey of branch office deposits as of June 30 for all 多宝游戏下载-insured institutions, including insured U.S. branches of foreign banks. All institutions with branch offices are required to submit the survey; institutions with only a main office are exempt. All survey responses are required by July 31, 2013. No filing extensions will be granted. Statement of Applicability to Institutions under $1 Billion in Total Assets: This Financial Institution Letter (FIL) applies to all 多宝游戏下载-insured institutions. |
Highlights:
Continuation of FIL-27-2013 Distribution: Suggested Routing: Note:
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| Financial Institution Letters FIL-27-2013 June 11, 2013 | ||||||||||||||||
SUMMARY OF DEPOSITS SURVEY The Summary of Deposits (SOD) is the annual survey of branch office deposits as of June 30 for all 多宝游戏下载-insured institutions, including insured branches of foreign banks. Institutions with branch offices are required to submit this survey to the 多宝游戏下载 by July 31, 2013. Institutions with only a main office are exempt; however, they will be included in the survey results based on the total deposits reported on their June Call Report. Publication of the survey data is dependent on timely and accurate filing by respondent institutions; therefore, no filing extensions will be granted. 2013 SOD Timeline Prior to filing the June 30, 2013, SOD 鈥 Conduct Branch Review: Institutions should review branch structural information on the 多宝游戏下载's Institution Directory Web site at . Institutions may submit corrections with the SOD survey if not submitted previously. June 10, 2013 鈥 Assign 多宝游戏下载 connect Privileges: Institutions may begin assigning SOD transaction privileges in 多宝游戏下载 connect to the person responsible for submitting the SOD. June 17, 2013 鈥 Update Branch Information Online: Institutions may begin using the "Complete the Summary of Deposits" option in 多宝游戏下载 connect to enter revisions to branch structure information (branch names and addresses). Institutions using vendor software should refer to guidance provided by their software vendor on how to submit changes with the uploaded SOD survey. If your bank has had last-minute structural changes, check with your software vendor about the features that will allow your list to be synchronized with the most up-to-date location information in 多宝游戏下载 connect . July 1, 2013: Institutions may begin submitting their June 30, 2013, SOD survey. July 31, 2013: 2013 Summary of Deposits filing deadline. October 4, 2013 - Survey Results Published: The 多宝游戏下载 will publish the survey results on the 多宝游戏下载's Summary of Deposits Web site at no later than October 4, 2013. To be notified electronically when the 2013 SOD data and deposit market share reports become available, please subscribe to e-mail updates at www.fdic.gov/about/subscriptions. Electronic Filing Options Institutions must be registered users of 多宝游戏下载 connect and must assign SOD transaction privileges to the person responsible for submitting the SOD. New 多宝游戏下载 connect users must first register with 多宝游戏下载 connect . Refer to the attached 多宝游戏下载 connect and Summary of Deposits Registration Instructions for additional information. Institutions have two options for filing electronically: Using Vendor Software to Prepare a File for Upload to the 多宝游戏下载 鈥 Institutions that use vendor software to prepare the SOD survey will be able to upload their completed survey information directly to the 多宝游戏下载 through 多宝游戏下载 connect . The following vendors have developed software to assist with the SOD filing. Institutions should contact these vendors directly for further information about their products and services:
Using the 多宝游戏下载's Interactive SOD Survey Option 鈥 The 多宝游戏下载's interactive SOD survey option is designed for institutions with a small number of branch offices. This option permits an institution to print worksheets, submit revised branch structure information with the survey, and edit SOD data in preparation for submission. Institutions may access the SOD survey site from the 多宝游戏下载 connect Web site at . Data Accuracy and Validation Institutions must ensure that all information submitted for the SOD survey is accurate. The 多宝游戏下载 recommends that institutions submit their June 30 Call Report before filing the SOD survey to enable comparisons of deposit totals between the two reports. Institutions should review the service type codes and the physical address, including the street address, city, state, zip code, and county, for all office locations to ensure consistency with United States Postal Service standards. Physical addresses and zip codes may be verified at . Institutions should not use post office boxes, mailing addresses other than the actual physical address, street names without actual numbers, intersections, or any other general locations when filing their branch office location information. Before completing the SOD survey, institutions should review their current branch information on the 多宝游戏下载's Institution Directory (ID) Web site at (or go to www.fdic.gov 芒鈥犫 Industry Analysis 芒鈥犫 Bank Data & Statistics 芒鈥犫 Institution Directory). From the ID home page, click on "Find Offices," enter the bank's certificate number or institution name, then click on "Find." The list of branch offices will be presented in state and county order. If an institution's branch office information is incorrect or incomplete, the institution should notify the 多宝游戏下载 with the correct branch structure information. Beginning June 15, 2013, corrections to structure data should be entered using the 多宝游戏下载's interactive SOD survey site or vendor software and submitted with the completed SOD survey. If an institution corrects branch office information because of a merger or branch purchase and assumption, the name, city, and state of the other institution involved in the transaction and the effective date must be included in the e-mail notification or within the "comments" section of the survey. Electronic Amendments Once the initial 2013 survey information has been submitted, institutions can amend 2013 deposit totals by accessing the SOD transaction within 多宝游戏下载 connect . Institutions that previously filed using 多宝游戏下载 connect may also amend 2012 deposit totals until September 20, 2013, after which no further changes to 2012 data will be permitted through this process. To submit amended data , institution users must be assigned SOD transaction privileges within 多宝游戏下载 connect . Assistance For assistance on how to register for the Summary of Deposits option within 多宝游戏下载 connect , contact the 多宝游戏下载 connect help desk at 1-877-275-3342 (select option 4 for 多宝游戏下载 connect ). For all other questions about the SOD survey, please contact the 多宝游戏下载's Data Collection and Analysis Section at 1-800-688-3342, or if you know your assigned analyst's direct number you may contact them directly. You may also request assistance by e-mail at sod@fdic.gov.
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