Cash in Vault for All Insured Commercial Banks in New York City
X10AICBCVNYC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
108.00
Year-over-Year Change
28.57%
Date Range
1/1/1934 - 7/1/1941
Summary
This economic indicator tracks the amount of cash held in the vaults of all insured commercial banks located in New York City. It provides insights into the liquidity and reserves held by the city's banking 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 Cash in Vault for All Insured Commercial Banks in New York City measure represents the total dollar value of physical currency and coin that is stored in the vaults of commercial banks within the New York City metropolitan area. This metric is used by economists and policymakers to assess the liquidity and reserve positions of the local banking system.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
Changes in this metric can signal shifts in credit conditions, lending activity, and overall economic confidence in the New York region.
Key Facts
- New York City is a major global financial center.
- The vault cash metric tracks short-term liquidity.
- Levels can fluctuate based on economic conditions.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total dollar value of physical currency and coin held in the vaults of insured commercial banks located in the New York City metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: Changes in the cash held in bank vaults can provide insights into the liquidity and reserve positions of the local banking system, which is important for assessing credit conditions and economic confidence in the New York region.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this metric to gain insights into the liquidity and reserve positions of the New York banking sector, which can inform decisions around monetary policy and financial stability.
Q: Are there update delays or limitations?
A: The data is reported by the Federal Reserve on a regular basis, but there may be some time lags in publishing the most recent figures.
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Citation
U.S. Federal Reserve, Cash in Vault for All Insured Commercial Banks in New York City (X10AICBCVNYC), retrieved from FRED.