Central Reserve City Member Banks in Chicago, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Christmas Savings and Similar Accounts
TIIPCCSSACH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-66.67%
Date Range
6/1/1933 - 6/1/1941
Summary
This economic trend measures the volume of time deposits held in Christmas savings and similar accounts at central reserve city member banks in Chicago. It provides insights 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 'Central Reserve City Member Banks in Chicago, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Christmas Savings and Similar Accounts' series tracks the total value of time deposits held in special holiday savings accounts. This data point is used by economists and policymakers to gauge consumer financial health and seasonal spending patterns.
Methodology
The data is collected directly from central reserve city member banks in the Chicago Federal Reserve district.
Historical Context
This trend offers insights into household budgeting and consumer confidence that can inform economic and monetary policy decisions.
Key Facts
- Measure of time deposits in holiday savings accounts
- Provides insights into consumer financial planning
- Tracked by the Federal Reserve in Chicago district
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of time deposits held in Christmas savings and similar holiday accounts at central reserve city member banks in the Chicago Federal Reserve district.
Q: Why is this trend relevant for users or analysts?
A: This data point offers insights into consumer savings behavior and financial planning, which can inform economic and monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected directly from central reserve city member banks in the Chicago Federal Reserve district.
Q: How is this trend used in economic policy?
A: This trend provides information on household budgeting and consumer confidence that can be used by economists and policymakers to understand economic conditions and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is published by the Federal Reserve and may be subject to the same update schedule and limitations as other economic indicators from this source.
Related Trends
All Member Banks, Principal Assets and Liabilities: Other Real Estate
OTHRE
Reserve City Member Banks, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Certificates of Deposit
TIIPCCDRCM
Country Member Banks, Classification of Loans: Real Estate Loans: Other
RELOTHRCMB
Country Member Banks, Classification of Deposits: Demand: Certified and Officers' Checks, etc.
DECOCCMB
Central Reserve City Member Banks in New York City, Principal Assets and Liabilities: Cash in Vault
CASHVLTNY
Country Member Banks, Classification of Investments: Other Domestic Securities: Corporate Stocks: Other
ODSCSOTHRCMB
Citation
U.S. Federal Reserve, Central Reserve City Member Banks in Chicago, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Christmas Savings and Similar Accounts (TIIPCCSSACH), retrieved from FRED.