Central Reserve City Member Banks in New York City, Classification of Deposits: Demand: States and Political Subdivisions
This dataset tracks central reserve city member banks in new york city, classification of deposits: demand: states and political subdivisions over time.
Latest Value
319.00
Year-over-Year Change
62.76%
Date Range
10/1/1928 - 12/1/1941
Summary
This economic trend tracks the demand deposits held by central reserve city member banks in New York City from states and political subdivisions. It provides insights into the liquidity and financial activities of state and local governments 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 New York City, Classification of Deposits: Demand: States and Political Subdivisions' series measures the level of demand deposits, which are highly liquid bank accounts, held by New York City's central reserve member banks on behalf of U.S. state and local governments. This data is used by economists and policymakers to analyze the financial health and spending patterns of public sector entities.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its regular surveys of member banks.
Historical Context
This trend is relevant for understanding state and local government financing, as well as the role of New York City as a major financial center.
Key Facts
- New York City is a central reserve city, meaning its banks hold higher reserve requirements.
- Demand deposits are the most liquid form of bank accounts, allowing rapid withdrawal.
- This data helps track the financial activities of state and local governments in the region.
FAQs
Q: What does this economic trend measure?
A: This trend measures the demand deposits held by central reserve city member banks in New York City on behalf of U.S. state and local governments.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the liquidity and financial activities of state and local governments, which is important for understanding public sector financing and the role of New York City as a major financial center.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve through its regular surveys of member banks.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the financial health and spending patterns of state and local governments, which can inform fiscal and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the regular reporting schedules and survey methods of the Federal Reserve, which may result in occasional update delays or other limitations.
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Citation
U.S. Federal Reserve, Central Reserve City Member Banks in New York City, Classification of Deposits: Demand: States and Political Subdivisions (DESPSNY), retrieved from FRED.