Data Dictionary
Item Number 6945
NUMBER OF TELEPHONE OR PREAUTHORIZED TRANSFER ACCOUNTSCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| QSSA6945 | 1981-05-31 | 1982-11-30 | Yes |
Data Description:
Includes the number of savings accounts, time accounts, or accounts under the terms of which, or which by practice of the reporting institution, the depositor is permitted or authorized to make more than three withdrawals per month for purposes of transferring funds to another account or for making a payment to a third party by means of preauthorized or telephone agreement, order or instruction. An account that permits or authorizes more than three such withdrawals in a calendar month is a transaction account and should be reported in this item whether or not more than three such withdrawals actually are made in a calendar month. A preauthorized transfer includes any arrangement by the reporting institution to pay a third party from the account of a depositor upon written or oral instruction (including an order received through an automated clearinghouse (ACH)), or any arrangement by the reporting institution to pay a third party from the account of the depositor at a predetermined time or on a fixed schedule.
Also includes the balance of savings accounts, time accounts or accounts in which payments may be made to third parties by means of a debit card, an automated teller machine, remote service unit or other electronic device.
Excludes those accounts that permit no more than three telephone or preauthorized transfers a month to another account of the depositor in the same institution or to a third party.