Central Reserve City Member Banks in New York City, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Certificates of Deposit
This dataset tracks central reserve city member banks in new york city, classification of deposits: time: individuals, partnerships, corporations, etc.: certificates of deposit over time.
Latest Value
9.00
Year-over-Year Change
-75.00%
Date Range
10/1/1928 - 12/1/1941
Summary
This economic trend measures the total value of time deposits, such as certificates of deposit, held by individuals, partnerships, and corporations at Central Reserve City member banks in New York City. It provides insights into the savings and investment patterns of these entities.
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: Time: Individuals, Partnerships, Corporations, etc.: Certificates of Deposit' series tracks the level of time deposits, including CDs, held by private entities at major banks in New York City. This data point is used by economists and policymakers to assess broader trends in private-sector savings and investment.
Methodology
The data is collected through mandatory reporting by Central Reserve City member banks in New York City.
Historical Context
This trend is relevant for understanding financial market conditions and consumer behavior.
Key Facts
- New York City is a Central Reserve City for the U.S. banking system.
- Certificates of deposit are a type of time deposit account.
- Time deposits are a major component of the money supply.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of time deposits, such as certificates of deposit, held by individuals, partnerships, and corporations at Central Reserve City member banks in New York City.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the savings and investment patterns of private entities, which is useful for understanding broader financial market conditions and consumer behavior.
Q: How is this data collected or calculated?
A: The data is collected through mandatory reporting by Central Reserve City member banks in New York City.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess trends in private-sector savings and investment, which can inform financial market analysis and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodologies of the Federal Reserve, which may result in 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: Time: Individuals, Partnerships, Corporations, etc.: Certificates of Deposit (TIIPCCDNY), retrieved from FRED.