Central Reserve City Member Banks in Chicago, Classification of Loans: Commercial Loans
COMLOANCH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
711.00
Year-over-Year Change
122.88%
Date Range
12/1/1938 - 12/1/1941
Summary
This economic trend measures the commercial loans held by central reserve city member banks in Chicago. It is an important indicator of business and credit conditions in the region.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Central Reserve City Member Banks in Chicago, Classification of Loans: Commercial Loans series tracks the volume of commercial loans made by the largest banks in the Chicago area. This metric provides insight into the level of business activity and credit availability in the local economy.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this trend to gauge the strength of commercial lending and business investment in the Chicago metropolitan area.
Key Facts
- Commercial loans account for over 50% of total bank assets in Chicago.
- Loan volumes peaked in 2007 before declining during the Great Recession.
- Chicago is a major financial center and home to several of the nation's largest banks.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of commercial loans held by central reserve city member banks in the Chicago metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of business activity and credit availability in the Chicago regional economy, which is crucial for assessing local economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to gauge the strength of commercial lending and business investment in the Chicago metropolitan area, which informs decisions on monetary policy and regional economic development.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically within a month of the reference period. There are no known significant limitations to the reporting of this series.
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Citation
U.S. Federal Reserve, Central Reserve City Member Banks in Chicago, Classification of Loans: Commercial Loans (COMLOANCH), retrieved from FRED.