Time Deposits, National Banks Outside New York State
M14156USM144SNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,065.00
Year-over-Year Change
28.03%
Date Range
1/1/1916 - 7/1/1923
Summary
The 'Time Deposits, National Banks Outside New York State' series measures the total time deposits held by national banks located outside of New York state. This metric provides insight into broader banking and savings trends.
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
Time deposits are accounts where funds must be held for a fixed period before withdrawal without penalty. This series offers a view of time deposit activity outside the major financial center of New York, which can indicate broader consumer and commercial savings patterns.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its survey of national banks.
Historical Context
Policymakers and analysts use this metric to assess the health of the broader banking system and consumer savings behavior.
Key Facts
- Time deposits are accounts with fixed withdrawal periods.
- This series excludes New York state, a major financial center.
- The data is reported monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This series measures the total time deposits held by national banks located outside of New York state. Time deposits are accounts where funds must be held for a fixed period before withdrawal without penalty.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into broader banking and savings trends outside the major financial center of New York, which can indicate consumer and commercial savings patterns.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve through its survey of national banks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of the broader banking system and consumer savings behavior.
Q: Are there update delays or limitations?
A: The data is reported monthly by the Federal Reserve with minimal delays.
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Citation
U.S. Federal Reserve, Time Deposits, National Banks Outside New York State (M14156USM144SNBR), retrieved from FRED.