All Member Banks, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Open Accounts
This dataset tracks all member banks, classification of deposits: time: individuals, partnerships, corporations, etc.: open accounts over time.
Latest Value
723.00
Year-over-Year Change
-0.14%
Date Range
10/1/1928 - 12/1/1941
Summary
This economic trend measures the volume of time deposits held by individuals, partnerships, and corporations at all member banks in the United States. It provides insights into consumer and business savings behavior.
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.: Open Accounts' series tracks the total value of time deposit accounts, which are interest-bearing accounts with restrictions on withdrawals. This metric is used by economists and policymakers to assess savings trends and predict changes in consumer spending.
Methodology
The data is collected by the U.S. Federal Reserve through its regular surveys of member banks.
Historical Context
Policymakers and analysts monitor this trend to gauge the savings patterns of households and businesses, which can inform decisions around monetary policy and economic forecasting.
Key Facts
- Time deposits account for over $7 trillion in savings at U.S. banks.
- The trend has shown steady growth in recent years as consumer confidence has improved.
- Time deposits provide a stable source of funding for banks to lend to businesses and consumers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of time deposit accounts held by individuals, partnerships, and corporations at all member banks in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the savings behavior of consumers and businesses, which is important for economists and policymakers to assess economic conditions and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through its regular surveys of member banks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge the savings patterns of households and businesses, which can inform decisions around monetary policy and economic forecasting.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with a typical 1-2 month delay in publication.
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Citation
U.S. Federal Reserve, All Member Banks, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Open Accounts (TIIPCOA), retrieved from FRED.