Data Dictionary
Item Number 6810
MONEY MARKET DEPOSIT ACCOUNTS (MMDA'S)Call confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| BAAQ6810 | 1984-09-30 | 9999-12-31 | No | |
| BAAY6810 | 1984-09-30 | 9999-12-31 | No | |
| BAGR6810 | 1984-09-30 | 9999-12-31 | No | |
| EDDS6810 | 1984-07-23 | 1991-09-16 | Yes | FR 2900 |
| MMTD6810 | 1982-12-29 | 1989-06-28 | No | |
| RCON6810 | 1984-09-30 | 9999-12-31 | No | Multiple Forms |
Data Description:
Includes all money market deposit accounts (MMDA's), including those held in IRA's and KEOGH plans. The principal characteristics of MMDA's are: (a) no minimum maintenance balance requirement; (b) no minimum maturity required by regulation, but depository institutions must reserve the right to require at least seven days notice prior to withdrawal; (c) no regulatory limitations on the amount of interest that may be paid; (d) depository institutions may not obligate themselves to pay any fixed or indexed rate for a period greater than a month; (e) up to six transfers (including telephone transfers) per month are permitted, with no more than three of these transfers in the form of drafts; and (f) no regulatory restrictions on the size or frequency of withdrawals by mail, messenger, or in person. (MMDA's were authorized by the DIDC effective December 14, 1982.) NOTE: For the "EDDS" series, includes the sum of "Money Market Deposit Accounts (MMDA's) - Personal (2358)" and "Money Market Deposit Accounts (MMDA's) - Nonpersonal (2359)". Institutions may place additional restrictions and requirements on MMDA's as long as the accounts meet the minimum criteria set forth in the DIDC regulations. COMPARABILITY: Prior to 1/1/86, the minimum balance requirement for MMDA's was $1,000. Prior to 1/1/85, the minimum balance requirement for MMDA's was $2,500. For the UBPR series, the FDIC's Data Element name is H-MMDA BAAQ Original Variable name: AMMDAQ Formula: AMMDAQ=(MMDA1+MMDA2)/2 IF DT ge 19840930 THEN MMDA=RCON6810/1000; BAAY Original Variable name: AMMDAY Formula: AMMDAY= 5 Quarter Averaging If QT eq 1 Then AMMDAY=(MMDA1+MMDA2)/2; If QT eq 2 Then AMMDAY=(MMDA1+MMDA2+MMDA3)/3; If QT eq 3 Then AMMDAY=(MMDA1+MMDA2+MMDA3+MMDA4)/4; If QT eq 4 Then AMMDAY=(MMDA1+MMDA2+MMDA3+MMDA4+MMDA5)/5; IF DT ge 19840930 THEN MMDA=RCON6810/1000; BAGR Original Variable name: MMDA Formula: MMDA=IF DT ge 19840930 THEN MMDA=RCON6810/1000;