1. Home
  2. Reporting Forms
  3. MRDM

Micro Data Reference Manual

Zip

Data Dictionary

Item Number 6146
TYPE OF HIGHER RATE FOR NOW ACCOUNTS

Call confidentiality applies to FFIEC 031/041.

Series Start Date End Date Confidential? Reporting Forms
MMTD6146 1989-08-30 1991-08-28 No

Data Description:


A one-digit code indicating whether the higher rates for NOW accounts reflects tiering (T) or blending (B) of rates, or represents separate accounts (S).

1 = Tiering rate

2 = Blending rate

3 = Separate account

Note: Blending (B) refers to accounts that may pay a mixture of rates for a given balance. An example of such an account is one that pays 5.00 percent on the first $1,000 of balances and 5.50 percent on the part of the balance that exceeds $1,000. The overall return to the depositor is a "blend" of the 5.00 and 5.50 percent rates. A tiered (T) account pays one rate on a given level of balances. If the account in the above example was tiered and the depositor maintained a balance over $1,000, the rate paid to the depositor would be 5.50 percent on all of the funds in the account.

Back to Top