Country Member Banks, Classification of Deposits: Demand: States and Political Subdivisions
DESPSCMB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,370.00
Year-over-Year Change
41.38%
Date Range
10/1/1928 - 12/1/1941
Summary
This economic trend measures the deposits held by U.S. state and local governments in commercial banks. It is an important indicator of fiscal health and public sector liquidity.
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 'Country Member Banks, Classification of Deposits: Demand: States and Political Subdivisions' series tracks the value of demand deposits held by state and local governments in Federal Reserve member banks. This metric provides insight into the cash flow and spending patterns of the public sector.
Methodology
The data is collected by the Federal Reserve through its regular surveys of commercial banks.
Historical Context
Policymakers and economists monitor this trend to gauge the financial strength of state and local governments.
Key Facts
- This series dates back to 1947.
- Demand deposits are the most liquid type of public sector funds.
- The trend reflects the cash management practices of state and local governments.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of demand deposits held by U.S. state and local governments in commercial banks that are members of the Federal Reserve system.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial strength and liquidity of the public sector, which is important for assessing fiscal conditions and government spending patterns.
Q: How is this data collected or calculated?
A: The data is collected by the Federal Reserve through regular surveys of commercial banks that are members of the Federal Reserve system.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to gauge the financial health of state and local governments and to inform decisions around fiscal policy and public sector funding.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 1-2 months after the end of the reporting period. There may be revisions to historical data as reporting methods are updated.
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Citation
U.S. Federal Reserve, Country Member Banks, Classification of Deposits: Demand: States and Political Subdivisions (DESPSCMB), retrieved from FRED.