Central Reserve City Member Banks in New York City, Classification of Loans: Open Market Paper: Commercial Paper Bought
OMPCPBNY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16.00
Year-over-Year Change
220.00%
Date Range
10/1/1928 - 12/1/1941
Summary
This economic trend measures the classification of loans held by central reserve city member banks in New York City, specifically the commercial paper bought in the open market. It provides insights into the lending activities and portfolio composition of these key financial institutions.
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 Loans: Open Market Paper: Commercial Paper Bought' series tracks the volume of commercial paper purchased by major banks in the New York City area. This data is used by economists and policymakers to assess credit conditions, business financing, and the overall liquidity of the financial system.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of central reserve city member banks.
Historical Context
This trend is relevant for analyzing the flow of credit and the health of money markets, which are important considerations for monetary policy.
Key Facts
- New York City is a central reserve city, home to major financial institutions.
- Commercial paper is a short-term debt instrument used for business financing.
- The Federal Reserve closely monitors bank lending activities in key markets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of commercial paper bought by central reserve city member banks located in New York City. It provides insights into the lending activities and portfolio composition of these major financial institutions.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for economists and policymakers who need to assess credit conditions, business financing, and the overall liquidity of the financial system, as it provides insights into the lending activities of key banks in a major financial center.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of central reserve city member banks.
Q: How is this trend used in economic policy?
A: This trend is used by the Federal Reserve and other policymakers to analyze the flow of credit and the health of money markets, which are important considerations for monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published by the Federal Reserve on a regular basis, but there may be some delays in reporting due to the survey-based collection process.
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Citation
U.S. Federal Reserve, Central Reserve City Member Banks in New York City, Classification of Loans: Open Market Paper: Commercial Paper Bought (OMPCPBNY), retrieved from FRED.