Other Deposits in All Commercial Banks in North Carolina
X08IOACBONC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
448.00
Year-over-Year Change
357.14%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic indicator tracks the value of other deposits held in all commercial banks located in North Carolina. It provides insights into the financial activity and liquidity within the state's banking sector.
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 refer to funds held in commercial bank accounts that are not classified as demand deposits, time deposits, or savings deposits. This measure offers a broader view of the overall banking activity and financial conditions in North Carolina compared to more specific deposit categories.
Methodology
The data is collected and reported by the U.S. Federal Reserve as part of its survey of commercial bank balance sheets.
Historical Context
Economists and policymakers use this indicator to assess the financial health and liquidity of North Carolina's banking system.
Key Facts
- North Carolina is one of the largest banking centers in the United States.
- Other deposits make up a significant portion of total bank deposits in the state.
- This indicator excludes the most liquid demand deposits and longer-term time deposits.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the value of other deposits held in all commercial banks located in the state of North Carolina. Other deposits refer to funds that are not classified as demand, time, or savings deposits.
Q: Why is this trend relevant for users or analysts?
A: This measure provides insights into the overall financial activity and liquidity within North Carolina's banking sector, which is important for assessing the state's economic conditions and financial stability.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve as part of its survey of commercial bank balance sheets.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this indicator to monitor the financial health and liquidity of North Carolina's banking system, which can inform decisions related to monetary policy, financial regulation, and economic development.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically a few weeks after the end of the reporting period. There may be minor revisions to historical data as well.
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Citation
U.S. Federal Reserve, Other Deposits in All Commercial Banks in North Carolina (X08IOACBONC), retrieved from FRED.