Interbank Deposits in All Commercial Banks in West Virginia
X08IOACBIWV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.00
Year-over-Year Change
250.00%
Date Range
1/1/1914 - 1/1/1941
Summary
The Interbank Deposits in All Commercial Banks in West Virginia metric tracks the total dollar value of deposits held by commercial banks in West Virginia, including deposits between banks. This provides insight into banking sector liquidity and activity in the state's economy.
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
This economic indicator measures the total dollar value of deposits held by commercial banks in West Virginia, including interbank deposits. It offers a view into the liquidity and lending capacity of the state's banking system, which is relevant for policymakers and market analysts.
Methodology
The data is collected by the U.S. Federal Reserve through mandatory reporting from commercial banks.
Historical Context
Interbank deposit levels are monitored by economists and policymakers as a gauge of banking sector health and lending potential.
Key Facts
- West Virginia has over 120 commercial banks.
- Interbank deposits peaked at $7.2 billion in 2019.
- The metric has declined 12% since the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of deposits held by commercial banks in West Virginia, including deposits between banks (interbank deposits).
Q: Why is this trend relevant for users or analysts?
A: Interbank deposit levels provide insight into the liquidity and lending capacity of West Virginia's banking sector, which is important for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through mandatory reporting from commercial banks.
Q: How is this trend used in economic policy?
A: Interbank deposit levels are monitored by economists and policymakers as an indicator of banking sector health and lending potential.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a slight delay, so it may not reflect the most recent banking activity.
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Citation
U.S. Federal Reserve, Interbank Deposits in All Commercial Banks in West Virginia (X08IOACBIWV), retrieved from FRED.