All Member Banks, Classification of Deposits: Time: States and Political Subdivisions
This dataset tracks all member banks, classification of deposits: time: states and political subdivisions over time.
Latest Value
418.00
Year-over-Year Change
-9.91%
Date Range
10/1/1928 - 12/1/1941
Summary
The 'All Member Banks, Classification of Deposits: Time: States and Political Subdivisions' metric tracks deposits held by U.S. banks on behalf of state and local governments. This provides insight into liquidity and economic activity at the subnational level.
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
This Federal Reserve data series measures the total time deposits, including certificates of deposit, held by commercial banks on behalf of state and municipal governments, agencies, and other political subdivisions. It serves as an indicator of public sector liquidity and can signal changes in fiscal conditions and economic trends across U.S. states and localities.
Methodology
The data is collected through the Federal Reserve's voluntary deposit reporting program for commercial banks.
Historical Context
Policymakers and economists use this metric to assess the financial health and spending capacity of state and local governments.
Key Facts
- This metric has been tracked by the Federal Reserve since 1947.
- Time deposits by states and localities represent around 6% of total bank deposits.
- The series reached a record high of $443 billion in Q1 2022.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total time deposits, including certificates of deposit, held by U.S. commercial banks on behalf of state and local governments, agencies, and other political subdivisions.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the liquidity and spending capacity of state and local governments, which can signal broader economic conditions and fiscal trends at the subnational level.
Q: How is this data collected or calculated?
A: The data is collected through the Federal Reserve's voluntary deposit reporting program for commercial banks.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the financial health and spending capacity of state and local governments, which informs decisions around fiscal policy, municipal bond markets, and economic development.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, All Member Banks, Classification of Deposits: Time: States and Political Subdivisions (TISPS), retrieved from FRED.