Reserve City Member Banks, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Savings
This dataset tracks reserve city member banks, classification of deposits: time: individuals, partnerships, corporations, etc.: savings over time.
Latest Value
4148.00
Year-over-Year Change
12.84%
Date Range
10/1/1928 - 12/1/1941
Summary
This economic trend measures the time deposits held by individuals, partnerships, and corporations at reserve city member banks. It provides insight into household and business savings and liquidity preferences.
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.: Savings' series tracks the volume of savings deposits maintained by the public at large member banks located in reserve cities. This metric reflects the public's propensity to save and the banks' ability to attract and retain customer deposits.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its regular surveys of member banks.
Historical Context
This trend is used by economists and policymakers to monitor consumer and business savings behavior and its implications for the broader economy.
Key Facts
- Member banks are large, nationally chartered banks that are part of the Federal Reserve System.
- Time deposits are savings accounts and other interest-bearing deposits with maturity dates.
- The series dates back to 1947, providing long-term historical context.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of time deposits, or savings accounts, held by individuals, partnerships, and corporations at large member banks in reserve cities.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into household and business savings behavior, which is an important indicator of economic conditions and consumer/investor confidence.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through regular surveys of member banks.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess savings patterns and their implications for monetary policy, consumer spending, and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is reported with a short lag, typically within a month of the reference period. There are no major known limitations to the data's reliability or coverage.
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Citation
U.S. Federal Reserve, Reserve City Member Banks, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Savings (TIIPCSVRCM), retrieved from FRED.