Other Deposits in All Commercial Banks in Minnesota
X08IOACBOMN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
878.00
Year-over-Year Change
135.39%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend measures the total value of other deposits, excluding demand deposits and time deposits, held at all commercial banks in the state of Minnesota. It provides insight into broader financial activity and liquidity within the Minnesota banking system.
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 'Other Deposits in All Commercial Banks in Minnesota' series tracks a key component of the total deposit base for Minnesota's commercial banks. This metric helps economists and policymakers understand broader banking system trends and liquidity conditions in the state.
Methodology
The data is collected by the U.S. Federal Reserve through its regular surveys of commercial banks.
Historical Context
This economic indicator is used by analysts to monitor the financial health and lending capacity of Minnesota's banking sector.
Key Facts
- This metric excludes demand and time deposits.
- It reached a record high of $34.4 billion in 2021.
- Other deposits make up about 15% of total commercial bank deposits in Minnesota.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of other deposits, excluding demand deposits and time deposits, held at all commercial banks in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into broader financial activity and liquidity conditions within the Minnesota banking system, which is relevant for economists and policymakers monitoring the health of the state's financial sector.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through its regular surveys of commercial banks.
Q: How is this trend used in economic policy?
A: This economic indicator is used by analysts to monitor the financial health and lending capacity of Minnesota's banking sector, which is relevant for informing economic and financial policies.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically 1-2 months after the end of the reporting period.
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Citation
U.S. Federal Reserve, Other Deposits in All Commercial Banks in Minnesota (X08IOACBOMN), retrieved from FRED.