Board of Governors of the Federal Reserve System

The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system.

Micro Data Reference Manual

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Data Dictionary

Item Number 6015

FREQUENCY OF INTEREST COMPOUNDING ON THE NEXT HIGHER INTEREST RATE PAID ON THE NEXT HIGHER BALANCES (IF APPLICABLE) FOR NOW, ATS, AND TELEPHONE AND PREAUTHORIZED TRANSFER ACCOUNTS

Call confidentiality applies to FFIEC 031/041.

Series	Start Date	End Date	Confidential?	Reporting Forms
MMTD6015	1991-10-30	1994-09-28	No
SCRP6015	1980-02-29	1980-06-30	Yes

Data Description:

A one-digit numeric code indicating the frequency of interest compounding on the next higher interest rate paid on the next higher balances (if applicable) for "NOW, ATS, and Telephone and Preauthorized Transfer Accounts (6917)". This item corresponds to the compounding period associated with the interest rate reported in item 7608.

1 = Continuously or daily

2 = Monthly

3 = Quarterly

4 = Semiannually

5 = Annually

6 = Not compounded; simple interest only

7 = Other

8 = Effective annual yield

Last update: May 20, 2024