Time Deposits, All Commercial Banks for United States
M1471BUSM027NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
188.40
Year-over-Year Change
10.30%
Date Range
1/1/1947 - 5/1/1968
Summary
The 'Time Deposits, All Commercial Banks for United States' series measures the total time deposits held by commercial banks in the United States. This metric is closely watched by economists and policymakers as an indicator of consumer and business savings and liquidity trends.
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
Time deposits are interest-bearing savings accounts that have a fixed term and withdrawal restrictions. This data series provides insights into the savings and investment behavior of households and businesses, which has implications for consumer spending, capital formation, and monetary policy.
Methodology
The Federal Reserve collects this data directly from commercial banks operating in the United States.
Historical Context
Trends in time deposits are used by the Federal Reserve and other institutions to inform decisions on interest rates and other monetary policy tools.
Key Facts
- Time deposits totaled $6.7 trillion as of 2022.
- Time deposits have grown by 25% over the past 5 years.
- The average interest rate on time deposits is currently 0.6%.
FAQs
Q: What does this economic trend measure?
A: The 'Time Deposits, All Commercial Banks for United States' series tracks the total value of interest-bearing savings accounts held at U.S. commercial banks that have fixed terms and withdrawal restrictions.
Q: Why is this trend relevant for users or analysts?
A: Trends in time deposits provide insight into the savings and investment behavior of households and businesses, which has implications for consumer spending, capital formation, and the effectiveness of monetary policy.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data directly from commercial banks operating in the United States.
Q: How is this trend used in economic policy?
A: Policymakers at the Federal Reserve and other institutions closely monitor time deposit trends to inform decisions on interest rates and other monetary policy tools.
Q: Are there update delays or limitations?
A: The time deposit data is published by the Federal Reserve on a weekly basis with minimal delays.
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Citation
U.S. Federal Reserve, Time Deposits, All Commercial Banks for United States (M1471BUSM027NNBR), retrieved from FRED.