Central Reserve City Member Banks in Chicago, Principal Assets and Liabilities: Memoranda: Demand Deposits Adjusted
MEMDDACH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,215.00
Year-over-Year Change
39.75%
Date Range
6/1/1919 - 12/1/1941
Summary
The 'Central Reserve City Member Banks in Chicago, Principal Assets and Liabilities: Memoranda: Demand Deposits Adjusted' trend measures the level of demand deposits held by member banks in the Federal Reserve's Chicago district. This provides insight into banking activity and liquidity in a key regional financial center.
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 series tracks the total demand deposits, excluding interbank and U.S. government deposits, held by member banks in the Federal Reserve's Chicago district. It serves as an indicator of banking system liquidity and economic conditions in the Chicago metropolitan area.
Methodology
The Federal Reserve collects this data directly from member banks in the Chicago district on a regular basis.
Historical Context
Analysts and policymakers use this metric to assess the health of the Chicago-area banking system and broader economic trends.
Key Facts
- Chicago is a major U.S. financial center.
- Demand deposits reflect customer liquidity and spending power.
- This data is reported monthly by the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total demand deposits, excluding interbank and government deposits, held by member banks in the Federal Reserve's Chicago district.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into banking system liquidity and economic conditions in the Chicago metropolitan area, which is a key regional financial center.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data directly from member banks in the Chicago district on a regular basis.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess the health of the Chicago-area banking system and broader economic trends.
Q: Are there update delays or limitations?
A: This data is reported monthly by the Federal Reserve with minimal delay.
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Citation
U.S. Federal Reserve, Central Reserve City Member Banks in Chicago, Principal Assets and Liabilities: Memoranda: Demand Deposits Adjusted (MEMDDACH), retrieved from FRED.