Central Reserve City Member Banks in Chicago, Classification of Deposits: Demand: States and Political Subdivisions
DESPSCH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
233.00
Year-over-Year Change
14.22%
Date Range
10/1/1928 - 12/1/1941
Summary
The 'Central Reserve City Member Banks in Chicago, Classification of Deposits: Demand: States and Political Subdivisions' trend measures the level of demand deposits held by U.S. banks located in Chicago that are members of the Federal Reserve System, specifically from state and local government accounts.
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 economic indicator provides insight into the liquidity and reserve levels of the U.S. banking system, particularly in Chicago as a key financial center. It is used by economists and policymakers to analyze trends in public-sector deposits and assess the availability of funds for lending and investment.
Methodology
The data is collected directly from U.S. Federal Reserve member banks in the Chicago area.
Historical Context
Monitoring this trend helps inform monetary policy decisions and understand the flow of funds within the economy.
Key Facts
- Chicago is a central reserve city for the U.S. Federal Reserve System.
- Demand deposits from states and political subdivisions comprise an important component of bank reserves.
- Levels of these deposits can signal changes in public-sector liquidity and spending.
FAQs
Q: What does this economic trend measure?
A: This trend measures the demand deposits held by U.S. Federal Reserve member banks located in Chicago, specifically from state and local government accounts.
Q: Why is this trend relevant for users or analysts?
A: Monitoring this indicator provides insights into the liquidity and reserve levels of the U.S. banking system, which is crucial for understanding monetary policy and the flow of funds in the economy.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. Federal Reserve member banks in the Chicago area.
Q: How is this trend used in economic policy?
A: This trend helps inform monetary policy decisions and assess the availability of funds for lending and investment within the financial system.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve with minimal delays, providing timely insights into this important economic indicator.
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Citation
U.S. Federal Reserve, Central Reserve City Member Banks in Chicago, Classification of Deposits: Demand: States and Political Subdivisions (DESPSCH), retrieved from FRED.