Data Dictionary
Item Number 2357
"SUPER NOW" ACCOUNTSCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| EDDA2357 | 1983-01-12 | 1986-03-31 | Yes | |
| EDDM2357 | 1983-01-12 | 1986-03-31 | Yes | |
| EDDS2357 | 1982-12-31 | 1986-03-31 | Yes | FR 2900 |
| MMTD2357 | 1983-01-26 | 1985-12-25 | No | |
| QDSS2357 | 1983-01-26 | 1983-04-27 | Yes | FR 2900s |
| QEDS2357 | 1983-06-22 | 1988-06-27 | Yes | FR 2900 |
| QMDS2357 | 1983-05-25 | 1983-12-21 | Yes | |
| RCON2357 | 1983-03-31 | 1983-12-31 | No | Multiple Forms |
| RCON2357 | 1984-09-30 | 1985-12-31 | No | Multiple Forms |
Data Description:
"Super Now" accounts are NOW accounts containing an agreement between depositor and depository such that, provided certain conditions--including a $1,000 minimum balance--are met, some or all funds deposited are eligible to earn more than 5.25 percent. The entire balance of a "Super Now" account should be reported even though (a) a portion of the account under some minimum balance (at least $1,000) set by the bank pays no more than 5.25 percent or (b) the entire account pays no more than 5.25 percent because it is below the minimum but is eligible to earn higher rates (either on some or all of the funds) if the account balance exceeds the minimum balance (at least $1,000) set by the bank. Excludes other NOW accounts, regardless of account balance, that are not eligible under the stated or implied agreement between depositor and depository to earn more than 5.25 percent under any condition. COMPARABILITY: Prior to 1/1/85, the minimum balance requirement for "Super Now" accounts was $2,500.