Reserve City Member Banks, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Open Accounts
TIIPCOARCM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
248.00
Year-over-Year Change
-5.34%
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 in reserve city member banks. It provides insights into savings and investment patterns across the U.S. economy.
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.: Open Accounts series tracks the volume of time deposits from non-financial entities held at major banks. This data is used by economists and policymakers to analyze trends in consumer and business saving and liquidity.
Methodology
The Federal Reserve collects this data directly from member banks through periodic surveys.
Historical Context
This metric is closely watched as an indicator of economic conditions and the availability of credit.
Key Facts
- Trend peaked at $342 billion in 2008.
- Has declined by over 25% since the 2008 financial crisis.
- Represents around 15% of total bank deposits nationwide.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of time deposits held by individuals, partnerships, and corporations at reserve city member banks.
Q: Why is this trend relevant for users or analysts?
A: It provides insights into patterns of consumer and business savings and investment, which are key indicators of economic conditions and the availability of credit.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data directly from member banks through periodic surveys.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric as an indicator of savings, liquidity, and credit conditions across the U.S. economy.
Q: Are there update delays or limitations?
A: This data is published with a lag, typically a few months after the end of the reporting period.
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Citation
U.S. Federal Reserve, Reserve City Member Banks, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Open Accounts (TIIPCOARCM), retrieved from FRED.