Regulatory News

FDIC Releases Updated Summary of Deposits Annual Survey

The Federal Deposit Insurance Corporation (FDIC) Friday released the survey of branch office deposits as of June 30, 2016, for all FDIC-insured institutions.

The Summary of Deposits (SOD) annually provides deposit totals for each of the more than 91,000 domestic offices operated by more than 6,000 FDIC-insured commercial and savings banks, savings associations, and U.S. branches of foreign banks.

Users can locate offices in a particular geographic area and create custom market share reports for a geographic area such as state, county, and metropolitan area.The FDIC has expanded the market share reports to allow users to see market growth and market presence for specific institutions. Data dating back to 1994 can be downloaded for analysis.

To receive annual updates of the SOD, go to the subscription page on the FDIC website.

Links:

See Comply HMDA/CRA in Action

Schedule a free online demonstration to discover what Comply HMDA/CRA can do for your institution.

Schedule Your Free Demo Have Questions? Contact Us

What happens next

  • 40 minutes, screen-shared. A live walkthrough on RATA sample data, driven by your questions rather than a script.
  • A specialist, not a relay. The person on the call knows both the software and the regulations behind it.
  • Mid-cycle is normal. Implementation and historical conversion are handled for you, typically inside a day.