Data Dictionary
Item Number 7924
NOMINAL RATE OF INTEREST (QTFL)Call confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| QTFL7924 | 1977-02-07 | 9999-12-31 | Yes | FR 2028b/s |
Data Description:
The rate in percent is reported to three decimal places; for example, for a loan made at 8-1/4 percent, "8.250" is reported.
NOTE:
Reported on the FR 2028B report.
Includes the stated nominal rate of interest--not the effective rate or APR--on the date that the loan was disbursed (reported in item 9912 (column 1)). The stated nominal rate of interest shown in the note or agreement is carried as a single precision floating point field. If the loan amount reported in item 1596 (column 2) is an advance, takedown, or renewal under an existing loan commitment, the rate of interest for this advance is entered. For example, if the stated rate of interest is 50 basis points over prime, the nominal rate of interest reported should be the prime rate for the day of the takedown plus 50 basis points.