Central Reserve City Member Banks in New York City, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Open Accounts
This dataset tracks central reserve city member banks in new york city, classification of deposits: time: individuals, partnerships, corporations, etc.: open accounts over time.
Latest Value
360.00
Year-over-Year Change
-2.96%
Date Range
10/1/1928 - 12/1/1941
Summary
This economic trend measures the time deposits held by individuals, partnerships, and corporations at central reserve city member banks in New York City. It provides insights into the savings and investment activities of these key economic entities.
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 New York City, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Open Accounts' metric tracks the volume of longer-term deposit accounts held by private sector actors at major banks in the nation's financial center. This data is used by economists to analyze trends in private sector liquidity and investment behavior.
Methodology
The Federal Reserve collects this data directly from member banks in New York City on a regular basis.
Historical Context
Policymakers and market analysts closely monitor this metric to assess the financial health and investment patterns of key economic actors.
Key Facts
- Measures time deposits at major New York City banks.
- Provides insights into private sector savings and investment.
- Data collected regularly by the Federal Reserve
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of time deposits (longer-term savings accounts) held by individuals, partnerships, and corporations at central reserve city member banks in New York City.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the savings and investment patterns of key private sector actors, which is useful for economists and policymakers analyzing financial conditions and economic activity.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data directly from member banks in New York City on a regular basis.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this metric to assess the financial health and investment patterns of individuals, businesses, and other key economic actors.
Q: Are there update delays or limitations?
A: The Federal Reserve provides this data on a regular schedule with minimal delays, making it a timely and reliable indicator of private sector financial activity.
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Citation
U.S. Federal Reserve, Central Reserve City Member Banks in New York City, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Open Accounts (TIIPCOANY), retrieved from FRED.