Bank Debits, 232 Standard Metropolitan Statistical Areas, Outside of New York City for United States
M1216CUSM027SNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,768.90
Year-over-Year Change
14.23%
Date Range
1/1/1964 - 5/1/1970
Summary
This economic trend measures the volume of bank debits, or total dollar amount of checks and electronic funds transfers, in 232 U.S. metropolitan statistical areas outside of New York City. It provides insight into the overall level of economic activity in these regions.
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
Bank debits represent the total value of checks and electronic funds transfers drawn against deposit accounts, which can indicate the level of commercial and consumer transactions. This data is used by economists and policymakers to assess regional economic conditions and trends.
Methodology
The Federal Reserve collects this data directly from banks and financial institutions.
Historical Context
The bank debits trend is a key indicator monitored by the Federal Reserve and other economic analysts.
Key Facts
- Covers 232 U.S. metropolitan areas outside of New York City.
- Represents over $1 trillion in monthly economic transactions.
- Has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of checks, electronic funds transfers, and other debits drawn against deposit accounts in 232 U.S. metropolitan statistical areas outside of New York City.
Q: Why is this trend relevant for users or analysts?
A: Bank debits provide insight into the overall level of commercial and consumer economic activity in regional markets, which is valuable information for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data directly from banks and financial institutions.
Q: How is this trend used in economic policy?
A: The bank debits trend is monitored by the Federal Reserve and other economic analysts to assess regional economic conditions and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately 6-8 weeks.
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Citation
U.S. Federal Reserve, Bank Debits, 232 Standard Metropolitan Statistical Areas, Outside of New York City for United States (M1216CUSM027SNBR), retrieved from FRED.