Other Deposits in All Commercial Banks in Illinois
X08IOACBOIL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,557.00
Year-over-Year Change
302.21%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend measures the total value of other deposits held by all commercial banks in Illinois. It provides insight into the state's banking activity and financial health.
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
Other deposits represent funds held in commercial bank accounts that are not classified as demand deposits, time deposits, or savings deposits. This metric is used by economists and policymakers to analyze banking system liquidity and commercial lending capacity in Illinois.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its weekly H.8 statistical release.
Historical Context
Trends in other deposits are monitored by the Federal Reserve and market analysts to assess economic conditions and the flow of capital within Illinois.
Key Facts
- Illinois has over 500 commercial banks.
- Other deposits reached a record high of $167 billion in 2021.
- The value of other deposits has grown by 40% since 2015.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of other deposits held by all commercial banks in the state of Illinois. Other deposits include funds not classified as demand, time, or savings deposits.
Q: Why is this trend relevant for users or analysts?
A: Trends in other deposits provide insight into the liquidity and lending capacity of Illinois' commercial banking system, which is important for assessing the state's economic conditions and financial health.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve through its weekly H.8 statistical release on the consolidated balance sheet of commercial banks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor other deposit trends to gauge banking system liquidity and commercial lending activity, which informs decisions around monetary policy and financial regulations.
Q: Are there update delays or limitations?
A: The data is released weekly by the Federal Reserve with a typical lag of 1-2 weeks. The series may not capture all deposits held by small or unregulated institutions.
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Citation
U.S. Federal Reserve, Other Deposits in All Commercial Banks in Illinois (X08IOACBOIL), retrieved from FRED.