FDIC reminder of Summary of Deposits Survey issued

The FDIC has issued FIL-31-2024 to remind all FDIC-insured financial institutions of the annual Summary of Deposits Survey as of June 30, 2024. All institutions with branch offices are required to submit the survey; institutions with only a main office are exempt. Survey responses are due by July 31, 2024, and no extensions will be granted.

• The description for the Home Banking service level (13) has been expanded to include mobile applications (mobile apps). Refer to Section 7 of the SOD instructions.
• No later than September 30, 2024, SOD survey results will be published on the FDIC’s SOD Deposit Market Share website.
• The FDIC’s SOD Deposit Market Share website will be discontinued by the end of 2024, and will be replaced by a new and improved SOD application that is available for preview now. Refer to Section 1G of the SOD instructions for more information.
• Institutions must either complete the survey directly in the Central Data Repository (CDR), or use vendor software to prepare and submit their survey responses to the CDR. Software vendors available to assist with the SOD filing are listed under “Filing Procedures” within this FIL.
• Consistent with the prior year, password requirements have been implemented for the CDR. Refer to Section 5C of the SOD instructions.
• Reporting instructions are available on the FDIC’s Summary of Deposits website. Refer to Section 5I of the SOD instructions for amending SOD surveys after initial submission.