Reserve City Member Banks, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Christmas Savings and Similar Accounts
TIIPCCSSARCM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.00
Year-over-Year Change
-62.07%
Date Range
6/1/1933 - 12/1/1941
Summary
This economic trend measures the classification of time deposits held by individuals, partnerships, and corporations in reserve city member banks, specifically focusing on Christmas savings and similar accounts.
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 Reserve City Member Banks, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Christmas Savings and Similar Accounts trend provides insights into the savings behavior of households and businesses, which is a key indicator of economic conditions and consumer confidence.
Methodology
The data is collected by the U.S. Federal Reserve through regular reporting by reserve city member banks.
Historical Context
This trend is used by economists and policymakers to assess household and business financial health and consumer spending patterns.
Key Facts
- Christmas savings accounts are a type of time deposit held by individuals and businesses.
- This trend has been tracked by the Federal Reserve since the 1930s.
- The data provides insights into seasonal savings patterns and consumer confidence.
FAQs
Q: What does this economic trend measure?
A: This trend measures the classification of time deposits held by individuals, partnerships, and corporations in reserve city member banks, with a focus on Christmas savings and similar accounts.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into household and business savings behavior, which is a key indicator of economic conditions and consumer confidence.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through regular reporting by reserve city member banks.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess financial health and consumer spending patterns, which informs economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the Federal Reserve, with some potential for delays in reporting by member banks.
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Citation
U.S. Federal Reserve, Reserve City Member Banks, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Christmas Savings and Similar Accounts (TIIPCCSSARCM), retrieved from FRED.