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Financial Institution Letter

Summary Of Deposits Survey

July 8, 1999
Notes
 

TO: CHIEF EXECUTIVE OFFICER
SUBJECT: Summary of Deposits Survey for June 30, 1999

The annual Summary of Deposits (SOD) survey form and instructions for the period ending June 30, 1999, are enclosed. While the survey is unchanged from last year, the instructions and definitions have been changed slightly for clarification. Also, a table of contents is provided for easy reference for reporting new, closed and relocated branches.

Financial institutions will again have the option to file their SOD surveys 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. Currently, SOD 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) have been certified by EDS for electronic submission. The Federal Deposit Insurance Corporation (FDIC) has provided these software companies with a significant number of edits that the FDIC uses to validate SOD survey information.

The filing deadline for submitting the hard-copy survey form is July 30, 1999. Institutions filing electronically must submit their surveys by August 16, 1999 .

If your institution was involved in a merger or purchase/sale before June 30 and it is not reflected on your initial survey form, please fax (202-898-6952) or e-mail ( supervision@fdic.gov ) the FDIC Structure Unit with the effective date of the acquisition, the name of the acquired institution and other pertinent information. We will ensure that the transaction is processed immediately and mail you a revised SOD survey. The software vendors have indicated they will also send a revised software package to applicable institutions upon request.

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 ).

For further information about the SOD survey, please contact the FDIC's Trust and Survey Group at 1-800-765-4081. Thank you for your cooperation in making the SOD survey as accurate and complete as possible.

James L. Sexton
Director

Enclosure: (not available electronically)

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 17 th Street, NW, Room 100, Washington, DC 20434 (800-276-6003 or (703) 562-2200).


FIL-67-99

Last Updated: July 8, 1999