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 6142

IS THE BALANCE IN ITEM 7849 THE SAME AS THE MINIMUM BALANCE REQUIRED TO EARN INTEREST? - PERSONAL MMDA ACCOUNT

Call confidentiality applies to FFIEC 031/041.

Series	Start Date	End Date	Confidential?	Reporting Forms
MMTD6142	1989-08-30	1989-08-30	No

Data Description:

A one-digit code indicating whether the balance in item 7849 is the same as the minimum balance required to earn interest.

1 = Yes

2 = No

If the institution does not have a minimum balance required to earn interest (i.e. it pays interest on an account for any non-zero balance), the answer is no.

Last update: May 20, 2024