Data Dictionary

Item Number 6202
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
MMTD6202 1991-10-30 1994-09-28 No

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 7624.


1 = Continuously or daily

2 = Monthly

3 = Quarterly

4 = Semiannually

5 = Annually

6 = Not compounded; simple interest only

7 = Other

8 = Effective annual yield

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Last update: May 20, 2024