Data Dictionary
Item Number C531
TIME DEPOSITSCall confidentiality applies to FFIEC 031/041.
| Series | Start Date | End Date | Confidential? | Reporting Forms |
|---|---|---|---|---|
| SVGLC531 | 2004-03-31 | 2011-12-31 | No | OTS 1313 |
Data Description:
Report the balance of time deposits. Time deposits are nontransactional savings deposits payable at a specified future date with earnings at a specified rate of interest. The interest specified may adjust periodically according to a predetermined formular or index or may be fixed for the term of the deposit. The specified maturity date must be not less than seven days after the date of deposit. Time deposits may be an open savings deposit or may be evidenced by a negotiable or nonnegotiable instrument or receipt commonly known as certificate of deposit (CD). Open time deposits include club accounts, such as Christmas club and vacation club accounts, are made under written contracts that provide that no withdrawal may be made until the customer makes a certain number of periodic deposits or a certain period of time has elapsed.
NOTE:
Reported on Schedule DI for the SVGL report.