Data Dictionary
Item Number 6891
FREQUENCY OF INTEREST COMPOUNDING ON RATE REPORTED IN MOST COMMON INTEREST RATE PAID ON LARGEST DOLLAR VOLUME OF ALL INTEREST-BEARING TIME CERTIFICATES AND OPEN ACCOUNT TIME DEPOSITS WITH BALANCES OF LESS THAN $100,000 AND WITH MATURITIES OF 2-1/2 YEARS AND OVERCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| MMTD6891 | 1983-10-26 | 1994-09-28 | No |
Data Description:
A one-digit numeric code indicating the frequency of interest compounding on the rate reported in "Most Common Interest Rate Paid On The Largest Dollar Volume Of All Interest-Bearing Time Certificates And Open Account Time Deposits With Balances Of Less Than $100,000 And With Maturities Of 2-1/2 Years And Over (7615)".
1 = Continuously or daily
2 = Monthly
3 = Quarterly
4 = Semiannual
5 = Annually
6 = Not compounded; simple interest only
7 = Other
8 = Effective annual yield
COMPARABILITY:
Prior to 10/30/91, excludes code 8.