Summary of Deposits

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form Summary of Deposit Summary of Deposits	Form	Modified	Available
Form Summary of Deposit Summary of Deposits	Form	Modified	Repair queued
Justification Memo Non Substantive Revisions 3064-0061 Summary of Deposits March 2024.docx	Justification for No Material/Nonsubstantive Change	Uploaded 2024-03-19	Repair queued
3064-0061 - 30 Day Notice - 2023.pdf	Supplementary Document	Uploaded 2023-07-20	Repair queued
3064-0061 - 60 Day Notice - 2023.pdf	Supplementary Document	Uploaded 2023-07-20	Repair queued
SPST 0061 Summaryof Deposits 2023 FINAL.docx	Supporting Statement A	Uploaded 2023-07-20	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
31807	Summary of Deposits	Form	Modified	Summary of Deposits
31807	Summary of Deposits	Form	Modified

ICR Details

OMB Control No: 3064-0061	ICR Reference No: 202403-3064-003
Status: Active	Previous ICR Reference No: 202307-3064-007
Agency/Subagency: FDIC	Agency Tracking No:
Title: Summary of Deposits
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/17/2024
Retrieve Notice of Action (NOA)	Date Received in OIRA: 03/19/2024
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2026	10/31/2026	10/31/2026
Responses	3,870	0	3,870
Time Burden (Hours)	11,610	0	11,610
Cost Burden (Dollars)	0	0	0

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Abstract: The Summary of Deposits (SOD) is the annual survey of branch office deposits as of June 30 for all FDIC-insured institutions, including insured U.S. branches of foreign banks. All FDIC‐insured institutions that operate a main office and one or more branch locations (including limited service drive‐thru locations) as of June 30 each year are required to file the SOD Survey. Insured branches of foreign banks are also required to file. All data collected on the SOD submission are available to the public. The survey data provides a basis for measuring the competitive impact of bank mergers and has additional use in research on banking.

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Authorizing Statute(s): US Code: 12 USC 1819 Name of Law: Federal Deposit Insurance Act
   PL: Pub.L. 111 - 203 Title III Name of Law: Dodd-Frank Wall Street Reform And Consumer Protection Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 27891	05/03/2023
30-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 44803	07/13/2023
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
Summary of Deposits	Summary of Deposits	Summary of Deposits

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ICR Summary of Burden

table that charts list of burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	3,870	3,870	0	0	0	0
Annual Time Burden (Hours)	11,610	11,610	0	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 03/19/2024

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