Time Deposits in Insured Nonmember Commercial Banks in Cities with 500,000 or More Residents
X10INCBTIDO5M • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
462.00
Year-over-Year Change
6.21%
Date Range
1/1/1934 - 7/1/1941
Summary
This economic trend measures time deposits held in insured nonmember commercial banks located in U.S. cities with populations of 500,000 or more. It provides insight into the savings and deposit behavior of consumers and businesses in major metropolitan areas.
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
Time deposits are accounts that require a minimum deposit and have restrictions on withdrawals, providing banks with a stable source of funding. This series tracks the total value of these deposits in large city commercial banks, a key indicator of economic activity and consumer financial health.
Methodology
The Federal Reserve collects this data from reports filed by insured commercial banks.
Historical Context
Policymakers and analysts use this data to assess credit conditions and consumer sentiment in major urban markets.
Key Facts
- Covers over 60% of U.S. population in major cities.
- Reached a high of $1.7 trillion in 2020.
- Declined during the 2008 financial crisis
FAQs
Q: What does this economic trend measure?
A: This metric tracks time deposits held in insured commercial banks located in U.S. cities with populations of 500,000 or more.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into consumer and business savings behavior and financial conditions in major metropolitan areas, which is crucial for policymakers and economists.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data from reports filed by insured commercial banks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess credit conditions and consumer sentiment in major urban markets.
Q: Are there update delays or limitations?
A: The data is published monthly with a 1-2 month lag.
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Citation
U.S. Federal Reserve, Time Deposits in Insured Nonmember Commercial Banks in Cities with 500,000 or More Residents (X10INCBTIDO5M), retrieved from FRED.