Nonfinancial Noncorporate Business; Total Time and Savings Deposits; Asset, Transactions
NNBTTSA027N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
36,513.00
Year-over-Year Change
-27.09%
Date Range
1/1/1946 - 1/1/2024
Summary
This economic trend measures the total time and savings deposits held by U.S. nonfinancial noncorporate businesses. It provides insights into the liquidity and financial behavior of this key economic sector.
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 Nonfinancial Noncorporate Business; Total Time and Savings Deposits; Asset, Transactions series tracks the total value of time and savings deposits owned by noncorporate businesses in the United States. This data offers a window into the cash management and short-term financing practices of small and medium-sized enterprises.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of financial institutions.
Historical Context
Economists and policymakers use this trend to understand the financing conditions and liquidity preferences of the noncorporate business sector.
Key Facts
- Noncorporate businesses account for over 50% of U.S. private-sector employment.
- Time and savings deposits provide a key source of liquidity for small and medium firms.
- This metric has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of time and savings deposits held by U.S. nonfinancial noncorporate businesses, such as sole proprietorships and partnerships.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the cash management and short-term financing practices of small and medium-sized enterprises, which are crucial for understanding the health and liquidity of the broader business sector.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of financial institutions holding deposits for noncorporate businesses.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to gauge the financing conditions and liquidity preferences of the noncorporate business sector, which is an important driver of employment and economic activity.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Nonfinancial Noncorporate Business; Total Time and Savings Deposits; Asset, Transactions (NNBTTSA027N), retrieved from FRED.