Balances with Domestic Member Banks in Chicago
X10AMBBDBC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
372.00
Year-over-Year Change
61.74%
Date Range
1/1/1929 - 7/1/1941
Summary
This economic trend measures the balances held by domestic member banks in the Chicago Federal Reserve district. It provides insights into the liquidity and reserve levels of the banking system in that region.
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 Balances with Domestic Member Banks in Chicago series represents the total reserve balances held by commercial banks that are members of the Federal Reserve System and located within the Chicago Federal Reserve district. This metric is closely watched by economists and policymakers as an indicator of banking system liquidity and economic conditions in the Midwest.
Methodology
The data is collected and reported weekly by the Federal Reserve.
Historical Context
Trends in this metric are analyzed by the Federal Reserve and other institutions to inform monetary policy decisions.
Key Facts
- The data goes back to 1959.
- Chicago is a major financial center in the U.S. Midwest.
- Balances fluctuate based on factors like lending activity and reserve requirements.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total reserve balances held by commercial banks that are members of the Federal Reserve System and located within the Chicago Federal Reserve district.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists and policymakers as an indicator of banking system liquidity and economic conditions in the Midwest region.
Q: How is this data collected or calculated?
A: The data is collected and reported weekly by the Federal Reserve.
Q: How is this trend used in economic policy?
A: Trends in this metric are analyzed by the Federal Reserve and other institutions to inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is reported weekly with minimal delays.
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Citation
U.S. Federal Reserve, Balances with Domestic Member Banks in Chicago (X10AMBBDBC), retrieved from FRED.