Data Dictionary
Item Number 5814
BALANCES IN NEW ACCOUNTS: 37 OR MORECall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| SCMR5814 | 1993-03-31 | 2011-12-31 | Yes | OTS 1313 |
Data Description:
New accounts are those where a customer, who did not previously have a fixed-rate, fixed-maturity deposit, acquires one, or where the contract terms have changed on an existing account. For purposes of CMR, a new account where the contract terms have changed is one in which:
There has been a change in the name of the account (including additional or dropped owners), or
The maturity of the new CD is for a different term than the matured CD (that is, it would fall into a different maturity bucket).
For rollovers, if there has been no change in the ownership of the account and the maturity of the new CD is within the same maturity bucket, the new CD is not considered a new account even if new funds are added to the CD.
For example, a three-month CD issued during the quarter would not be a new account if the account holder had a CD with original maturity of 12 months or less that matured during the quarter. A CD would be a new account if it were a 3-month CD rolled over from a CD with an original maturity of more than 12 months or if a three-month CD were rolled over to a 24-month CD. In both of these cases the maturity bucket has changed.
Also include as new accounts:
1. Accounts where there has been a name added or deleted.
2. Deposits acquired from an acquisition of a depository institution or its branches or from other bulk purchase of deposits.
For this item, report the portion of balances on items 5801 and 5803 that are new CD balances with original maturities of 37 or more months.
NOTE:
Prior to 6/30/02, included balances in new accounts defined as end-of-quarter in accounts whose holders had no maturing deposits of similar original maturity with the institution during the quarter. Also includes the portion of balances reported in items 5801 and 5803 that are new CD balances with original maturities of 37 or more months.
This item is reported as confidential.