Data Dictionary
Item Number 6126
FLAT MONTHLY FEE APPLIED - CHECKABLE SAVINGS DEPOSITSCall confidentiality applies to FFIEC 031/041.
Series | Start Date | End Date | Confidential? | Reporting Forms |
---|---|---|---|---|
MMTD6126 | 1989-08-30 | 1997-08-31 | No |
Data Description:
A one-digit code indicating whether an flat monthly fee was applied to the checkable savings deposits accounts.
1 = Yes
2 = No
A flat monthly fee is a fixed charge applied to an account, usually on a monthly or statement cycle basis. Such fees are often referred to as account maintenance charges. If there is a contractual agreement that allows the institution to impose a monthly fee on these accounts under any set of circumstances (e.g., a depositor fails to meet a specified minimum balance requirement for a statement cycle) the answer should be yes.