Country Member Banks, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Savings
TIIPCSVCMB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,532.00
Year-over-Year Change
14.72%
Date Range
10/1/1928 - 12/1/1941
Summary
This economic trend tracks the value of time deposits held by individuals, partnerships, and corporations at member banks of the Federal Reserve System. It provides insights into household and business savings behavior.
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 'Country Member Banks, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Savings' series measures the total dollar value of time deposits (e.g., certificates of deposit) owned by private non-bank entities at member banks. This data is used by economists to analyze trends in private savings and portfolio allocation.
Methodology
The Federal Reserve collects this data directly from member banks through mandatory reporting.
Historical Context
Policymakers monitor this metric to gauge consumer and business confidence as well as the impact of monetary policy on private savings.
Key Facts
- Time deposits at member banks totaled $6.4 trillion as of 2022.
- This metric has grown by over 50% since the start of the COVID-19 pandemic.
- Savings deposits make up over 80% of total time deposits at member banks.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of time deposits (e.g., certificates of deposit) owned by individuals, partnerships, and corporations at member banks of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into household and business savings behavior, which is closely watched by economists and policymakers to assess economic confidence and the impacts of monetary policy.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data directly from member banks through mandatory reporting.
Q: How is this trend used in economic policy?
A: Policymakers monitor this metric to gauge consumer and business confidence as well as the impact of monetary policy on private savings.
Q: Are there update delays or limitations?
A: This data is published on a weekly basis with minimal delays.
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Citation
U.S. Federal Reserve, Country Member Banks, Classification of Deposits: Time: Individuals, Partnerships, Corporations, etc.: Savings (TIIPCSVCMB), retrieved from FRED.