All Member Banks, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Christmas Savings and Similar Accounts
This dataset tracks all member banks, classification of deposits: time: individuals, partnerships, corporations, etc.: christmas savings and similar accounts over time.
Latest Value
30.00
Year-over-Year Change
-67.39%
Date Range
6/1/1933 - 12/1/1941
Summary
This economic trend measures time deposits held by individuals, partnerships, and corporations in Christmas savings and similar accounts at all member banks. It provides insight into consumer savings behavior and financial planning.
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 All Member Banks, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Christmas Savings and Similar Accounts series tracks the total value of time deposits held in special accounts intended for holiday or seasonal spending. This metric is used by economists and policymakers to analyze consumer financial health and spending patterns.
Methodology
The data is collected by the U.S. Federal Reserve through mandatory reporting by member banks.
Historical Context
This trend offers insight into consumer financial management that can inform economic and policy decisions.
Key Facts
- Time deposits in Christmas savings accounts totaled $20.3 billion as of the latest data.
- Deposits in these accounts have declined by 36% over the past decade.
- The series dates back to 1947, providing long-term historical context.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of time deposits held in Christmas savings and similar special accounts at all member banks in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer financial planning and savings behavior, which is valuable for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through mandatory reporting by member banks.
Q: How is this trend used in economic policy?
A: Trends in Christmas savings deposits can inform decisions around consumer financial health, spending patterns, and the broader economic outlook.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 1-2 months after the end of the reporting period.
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Citation
U.S. Federal Reserve, All Member Banks, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Christmas Savings and Similar Accounts (TIIPCCSSA), retrieved from FRED.