Other Deposits in All Commercial Banks in Massachusetts
X08IOACBOMA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,956.00
Year-over-Year Change
198.63%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend measures the total value of other deposits, excluding checkable deposits, held in all commercial banks located in Massachusetts. It provides insights into the state's banking and financial activity.
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 in commercial banks represent funds held in savings accounts, time deposits, and other non-transactional accounts. This metric is used by economists and policymakers to analyze trends in banking, household savings, and the broader financial conditions within Massachusetts.
Methodology
The data is collected by the U.S. Federal Reserve through regular surveys of commercial banks.
Historical Context
Policymakers and analysts use this trend to monitor the health of Massachusetts' banking sector and household financial behavior.
Key Facts
- Other deposits exclude checking and demand deposits.
- Massachusetts has a large and diverse banking industry.
- Trend data goes back to 1973.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of other deposits, excluding checkable deposits, held in all commercial banks located in Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the banking and financial activity within Massachusetts, which is useful for economists and policymakers analyzing regional economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through regular surveys of commercial banks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the health of Massachusetts' banking sector and household financial behavior.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve, but there may be some delays in reporting.
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Citation
U.S. Federal Reserve, Other Deposits in All Commercial Banks in Massachusetts (X08IOACBOMA), retrieved from FRED.