Country Member Banks, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Christmas Savings and Similar Accounts
This dataset tracks country member banks, classification of deposits: time: individuals, partnerships, corporations, etc.: christmas savings and similar accounts over time.
Latest Value
18.00
Year-over-Year Change
-66.67%
Date Range
6/1/1933 - 12/1/1941
Summary
This economic trend measures the time deposits of individuals, partnerships, and corporations in Christmas savings and similar accounts at country member banks. It provides insights into consumer saving patterns and financial behaviors.
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 'Country Member Banks, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Christmas Savings and Similar Accounts' metric tracks the value of specialized time deposit accounts used for holiday and seasonal savings at member banks of the U.S. Federal Reserve System.
Methodology
The data is collected through mandatory reporting by member banks to the Federal Reserve.
Historical Context
This trend is used by economists and policymakers to monitor consumer financial health and holiday spending patterns.
Key Facts
- This metric dates back to 1947.
- Time deposits are funds held for a fixed period, typically earning higher interest.
- Christmas and holiday savings accounts are popular consumer financial tools.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of time deposits in Christmas savings and similar accounts held by individuals, partnerships, and corporations at country member banks of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into consumer saving and spending patterns, particularly around the holiday season, which is important for economists and policymakers analyzing the health of the consumer economy.
Q: How is this data collected or calculated?
A: The data is collected through mandatory reporting by member banks of the Federal Reserve System.
Q: How is this trend used in economic policy?
A: This metric is used by economists and policymakers to monitor consumer financial health and predict holiday spending, which can inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 1-2 months after the end of the reporting period. There may also be revisions to historical data.
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Citation
U.S. Federal Reserve, Country Member Banks, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Christmas Savings and Similar Accounts (TIIPCCSSACMB), retrieved from FRED.