Central Reserve City Member Banks in New York City, Principal Assets and Liabilities: Deposits: Other Demand
DEPOTHRDNY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,051.00
Year-over-Year Change
58.46%
Date Range
6/1/1919 - 12/1/1941
Summary
This economic trend measures the deposits held by other demand accounts at central reserve city member banks in New York City. It provides insight into the liquidity and reserve holdings 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, Principal Assets and Liabilities: Deposits: Other Demand' series tracks the total value of non-transaction deposit accounts held at major banks in the New York metropolitan area. This metric is used by economists and policymakers to analyze the reserve positions and lending capacity of the U.S. banking system.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
This trend is closely monitored by the Federal Reserve and market analysts for its implications on monetary policy and financial stability.
Key Facts
- New York City is a designated central reserve city for the U.S. banking system.
- Other demand deposits exclude transactions accounts like checking deposits.
- This metric reached a high of $174 billion in January 2022.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of non-transaction deposit accounts held at major banks in the New York City metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the reserve positions and lending capacity of the U.S. banking system, which is crucial information for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: The Federal Reserve closely monitors this trend for its implications on monetary policy and financial stability.
Q: Are there update delays or limitations?
A: The data is reported on a weekly basis with no significant update delays.
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Citation
U.S. Federal Reserve, Central Reserve City Member Banks in New York City, Principal Assets and Liabilities: Deposits: Other Demand (DEPOTHRDNY), retrieved from FRED.