Total Deposits in Commercial Banks in Indiana
X08TDCBTIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,077.00
Year-over-Year Change
205.10%
Date Range
1/1/1914 - 1/1/1941
Summary
This metric tracks the total dollar value of deposits held in commercial banks located in the state of Indiana. It serves as a key indicator of economic activity and financial health in the 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 total deposits in commercial banks metric represents the aggregate funds held in checking, savings, and other deposit accounts by customers of Indiana-based banks. This statistic is closely monitored by economists and policymakers to gauge the liquidity and stability of the state's banking system.
Methodology
The data is collected directly from financial reports submitted by commercial banks operating in Indiana to the U.S. Federal Reserve.
Historical Context
Trends in total commercial bank deposits provide insight into consumer and business confidence, lending activity, and overall economic conditions in Indiana.
Key Facts
- Indiana has over 150 FDIC-insured commercial banks.
- Total deposits in Indiana banks exceeded $200 billion as of the latest reporting period.
- Deposit levels have grown by 25% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of deposits held in commercial banks located in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: Trends in total commercial bank deposits provide insight into consumer and business confidence, lending activity, and overall economic conditions in Indiana.
Q: How is this data collected or calculated?
A: The data is collected directly from financial reports submitted by commercial banks operating in Indiana to the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers monitor this statistic to gauge the liquidity and stability of Indiana's banking system, which informs decisions around monetary policy and financial regulation.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis, with a lag of approximately 2 months from the end of the reporting period.
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Citation
U.S. Federal Reserve, Total Deposits in Commercial Banks in Indiana (X08TDCBTIN), retrieved from FRED.