Reserve City Member Banks, Principal Assets and Liabilities: Deposits: Postal Savings
DEPPOSSRCM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
-86.96%
Date Range
6/1/1919 - 12/1/1941
Summary
This economic trend measures deposits held at postal savings accounts by reserve city member banks. It provides insight into the liquidity and funding sources of these banks, which is important for analyzing banking system dynamics and financial stability.
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, Principal Assets and Liabilities: Deposits: Postal Savings' series tracks the total dollar value of postal savings deposits held by member banks located in reserve cities. This metric offers visibility into the role of postal savings as a funding source for banks, which is relevant for understanding banking system liquidity and the transmission of monetary policy.
Methodology
The data is collected by the U.S. Federal Reserve as part of its survey of bank balance sheets.
Historical Context
Policymakers and analysts use this trend to assess the funding structure and liquidity profile of the banking system.
Key Facts
- Postal savings were a popular banking option before the rise of commercial banks.
- Postal savings peaked in the 1940s at over $3 billion in deposits.
- The postal savings system was phased out by the U.S. government in 1967.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of postal savings deposits held by reserve city member banks in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the funding structure and liquidity profile of the banking system, which is important for analyzing financial stability and the transmission of monetary policy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve as part of its survey of bank balance sheets.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the funding sources and liquidity of the banking system, which is relevant for monetary policy and financial stability analysis.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and the postal savings system was phased out in 1967, so the trend has limited historical coverage.
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Citation
U.S. Federal Reserve, Reserve City Member Banks, Principal Assets and Liabilities: Deposits: Postal Savings (DEPPOSSRCM), retrieved from FRED.