Total Gross Demand Deposits of Member Banks
X11GDDT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48,411.00
Year-over-Year Change
12.89%
Date Range
1/1/1936 - 12/1/1941
Summary
This economic indicator tracks the total gross demand deposits held by member banks in the U.S. banking system. It provides insight into the overall level of liquid assets available for economic transactions and lending.
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
Gross demand deposits represent the balance of funds that bank customers can withdraw on demand, without advance notice. This metric is closely watched by economists and policymakers as an indicator of money supply and banking system liquidity.
Methodology
The Federal Reserve collects this data through regular reporting from member banks.
Historical Context
Trends in gross demand deposits are analyzed in the context of monetary policy and the broader macroeconomic environment.
Key Facts
- Gross demand deposits peaked at over $1.8 trillion in 2022.
- Demand deposits are a key component of the M1 money supply measure.
- The Federal Reserve closely monitors demand deposit trends to assess banking system liquidity.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total gross demand deposits held by member banks in the U.S. banking system.
Q: Why is this trend relevant for users or analysts?
A: Trends in gross demand deposits provide insight into the overall level of liquid assets available for economic transactions and lending, which is closely watched by economists and policymakers.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data through regular reporting from member banks.
Q: How is this trend used in economic policy?
A: Trends in gross demand deposits are analyzed in the context of monetary policy and the broader macroeconomic environment.
Q: Are there update delays or limitations?
A: This data is published regularly by the Federal Reserve with minimal delays.
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Citation
U.S. Federal Reserve, Total Gross Demand Deposits of Member Banks (X11GDDT), retrieved from FRED.