Branch Deposit Reporting – Simplified Summary of Deposits form submission

Branch Deposit Reporting allows financial institutions to electronically prepare and submit their FDIC Summary of Deposits reports. The system automatically populates the electronic report template with the most current branch data filed with the FDIC. Easy-to-use edit capabilities allow the deposit amounts to be easily updated. Automated edit checks ensure that current deposit amounts and ownership information are correct. This electronic reporting process significantly expedites report preparation and submission. Regardless of the size of the financial institution – from one or 100 branches this product provides an extended submission deadline granted by the FDIC for electronic filings.