Central Reserve City Member Banks in New York City, Classification of Deposits: Demand: Certified and Officers' Checks, etc.
This dataset tracks central reserve city member banks in new york city, classification of deposits: demand: certified and officers' checks, etc. over time.
Latest Value
450.00
Year-over-Year Change
60.71%
Date Range
10/1/1928 - 12/1/1941
Summary
The 'Central Reserve City Member Banks in New York City, Classification of Deposits: Demand: Certified and Officers' Checks, etc.' series measures the total demand deposits in the form of certified and officers' checks held by member banks in New York City. This statistic is an important indicator of banking activity and liquidity in the financial center.
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
This Federal Reserve data series tracks the demand deposit liabilities of central reserve member banks in New York City. The metric includes certified checks, cashiers' checks, and other official bank checks, providing insight into the transactional activity and liquid assets held by major financial institutions.
Methodology
The Federal Reserve collects this data directly from the balance sheets of central reserve member banks in New York City.
Historical Context
This series is closely monitored by economists, policymakers, and market analysts to assess banking system liquidity and the state of economic activity in the nation's financial capital.
Key Facts
- New York City is a central reserve city, with the largest concentration of member banks.
- Demand deposits represent highly liquid assets that can be quickly accessed.
- Certified and officers' checks indicate transactional and payment-related banking activity.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total demand deposits in the form of certified and officers' checks held by member banks in New York City, a key financial center.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into banking system liquidity and transactional activity in the nation's financial capital, which is closely monitored by economists and policymakers.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data directly from the balance sheets of central reserve member banks in New York City.
Q: How is this trend used in economic policy?
A: This series is used by economists, policymakers, and market analysts to assess the state of economic activity and banking system liquidity in the financial center of New York City.
Q: Are there update delays or limitations?
A: The data is published by the Federal Reserve on a regular basis, with minimal delays, providing timely insights into banking activity in New York City.
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Citation
U.S. Federal Reserve, Central Reserve City Member Banks in New York City, Classification of Deposits: Demand: Certified and Officers' Checks, etc. (DECOCNY), retrieved from FRED.