Central Reserve City Member Banks in Chicago, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Open Accounts
TIIPCOACH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25.00
Year-over-Year Change
-16.67%
Date Range
10/1/1928 - 12/1/1941
Summary
This economic trend measures the total value of time deposits held by individuals, partnerships, and corporations at central reserve city member banks in Chicago. It provides insights into savings and investment patterns among these key economic actors.
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.: Open Accounts' series tracks the dollar value of time deposits, which are savings accounts with restrictions on withdrawal. This metric reflects the liquidity preferences and saving behavior of households and businesses in the Chicago region.
Methodology
The data is collected through surveys of central reserve city member banks in the Chicago metropolitan area.
Historical Context
This trend is closely monitored by policymakers and analysts to understand the savings and investment dynamics within the Chicago economy.
Key Facts
- Central reserve city member banks are the largest banks in the U.S. financial system.
- Chicago is a major financial center and economic hub in the Midwest.
- Time deposits are savings accounts with restrictions on early withdrawal.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of time deposits held by individuals, partnerships, and corporations at central reserve city member banks in the Chicago metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the savings and investment behavior of key economic actors in the Chicago region, which is critical for understanding the local economy and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of central reserve city member banks in the Chicago metropolitan area.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this trend to understand the savings and investment dynamics within the Chicago economy, which informs decisions on monetary policy, financial regulation, and economic development.
Q: Are there update delays or limitations?
A: The data is released with a lag, and there may be limitations in capturing all time deposit activity at smaller, non-member banks in the Chicago region.
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Citation
U.S. Federal Reserve, Central Reserve City Member Banks in Chicago, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Open Accounts (TIIPCOACH), retrieved from FRED.