Get Summary Of Deposits Instructions
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How to fill out the Summary Of Deposits Instructions online
Filling out the Summary of Deposits (SOD) instructions online is a crucial step for FDIC-insured institutions to report their branch office deposits accurately. This guide provides clear, step-by-step instructions to help users navigate through each section of the form with confidence.
Follow the steps to complete the Summary Of Deposits Instructions online.
- Click the 'Get Form' button to access the Summary Of Deposits form and open it in the online editor.
- Review the branch listings to ensure accuracy and notify your primary federal regulator if necessary. This should be done continuously and in a timely manner.
- Enter the total deposits for each branch in thousands of dollars, ensuring that the entries align with your internal record-keeping practices.
- Validate that the total branch deposits reported align with the total domestic deposits from your Call Report. Compare the figures to ensure consistency.
- Upload the completed survey through your vendor's software or submit via the electronic filing option provided.
- If there are no changes or additions to office structure, fill in the appropriate fields pertaining to total deposits and any applicable CEN code.
- If any offices are missing, review the listing and contact the FDIC to update your structure information accordingly.
- For office closures, indicate the effective date and modify the relevant fields, ensuring deposits are not reported for any closed branches.
- Make revisions or corrections as necessary using the appropriate change codes and effective dates before finalizing your submission.
- Once completed, save changes, download a copy of the form, print it for your records, or share it with relevant parties.
Complete your Summary Of Deposits Instructions online today for accurate reporting!
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