Demand Deposits in All Member Banks in New York City
X10AMBDDYNC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,092.00
Year-over-Year Change
59.59%
Date Range
1/1/1929 - 7/1/1941
Summary
This trend measures demand deposits, or readily available funds, held by all member banks in New York City. It is a key indicator of liquidity and economic activity in the nation's financial center.
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
Demand deposits represent money that can be withdrawn from banks on demand, without any notice or delay. This metric provides insights into the availability of capital and the overall health of the banking system in New York City, which is a global hub of financial activity.
Methodology
The data is collected by the U.S. Federal Reserve through its regular surveys of member banks.
Historical Context
This trend is closely watched by economists, policymakers, and market analysts as a gauge of economic conditions and financial market liquidity.
Key Facts
- New York City is the largest banking center in the United States.
- Demand deposits provide a measure of readily available cash and can fluctuate with economic conditions.
- The Federal Reserve closely monitors demand deposit levels to assess financial system stability.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total demand deposits, or readily available funds, held by all member banks located in New York City.
Q: Why is this trend relevant for users or analysts?
A: Demand deposits are a key indicator of liquidity and economic activity in the nation's financial center, New York City. This metric is closely watched by economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through its regular surveys of member banks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the overall health of the banking system and financial market liquidity, which can inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released by the Federal Reserve on a regular schedule, but may be subject to revisions or delays in reporting.
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Citation
U.S. Federal Reserve, Demand Deposits in All Member Banks in New York City (X10AMBDDYNC), retrieved from FRED.