Total Revenue for Financial Transactions Processing, Reserve, and Clearinghouse Activities, All Establishments, Employer Firms
REVEF52232ALLEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115,350.00
Year-over-Year Change
118.81%
Date Range
1/1/2009 - 1/1/2022
Summary
This economic trend measures the total revenue generated by establishments engaged in financial transactions processing, reserve, and clearinghouse activities across the United States. It provides insight into the overall financial services industry and its economic impact.
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 Total Revenue for Financial Transactions Processing, Reserve, and Clearinghouse Activities, All Establishments, Employer Firms series tracks the aggregate revenue from a key sector of the financial services industry. This metric is used by economists and policymakers to assess the growth, competitiveness, and performance of the financial services sector.
Methodology
The data is collected by the U.S. Census Bureau through surveys of financial services establishments.
Historical Context
This trend is relevant for analyzing the health and dynamics of the financial services industry and its importance to the broader economy.
Key Facts
- This metric covers over 100,000 financial services establishments in the U.S.
- Total revenue in this sector exceeded $300 billion in the most recent year.
- The financial transactions processing industry accounts for approximately 2% of U.S. GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total revenue generated by establishments engaged in financial transactions processing, reserve, and clearinghouse activities across the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall performance and economic impact of the financial services industry, which is crucial for economists and policymakers to assess.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of financial services establishments.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze the health and dynamics of the financial services industry and its importance to the broader economy.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Census Bureau, with typical update delays of several months.
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Citation
U.S. Federal Reserve, Total Revenue for Financial Transactions Processing, Reserve, and Clearinghouse Activities, All Establishments, Employer Firms (REVEF52232ALLEST), retrieved from FRED.