Other Deposits in All Commercial Banks in South Carolina
X08IOACBOSC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
179.00
Year-over-Year Change
171.21%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend measures the level of other deposits, excluding checkable deposits, held by all commercial banks in South Carolina. It is an important indicator of banking activity and liquidity in the state.
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 non-checkable deposits such as savings accounts, time deposits, and money market deposit accounts. This metric provides insight into the overall deposit base and funding sources for commercial banks in South Carolina.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its comprehensive survey of commercial bank balance sheets.
Historical Context
Economists and policymakers monitor this trend to assess the financial health and lending capacity of the South Carolina banking sector.
Key Facts
- South Carolina has over 100 FDIC-insured commercial banks.
- Other deposits account for over 60% of total bank deposits in the state.
- This metric has grown by 25% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the level of non-checkable deposits, such as savings accounts and time deposits, held by commercial banks in South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall deposit base and funding sources for banks in South Carolina, which is important for assessing the financial health and lending capacity of the state's banking sector.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve through its comprehensive survey of commercial bank balance sheets.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to gauge the financial health and lending capacity of the South Carolina banking sector, which is relevant for assessing economic conditions and informing policy decisions.
Q: Are there update delays or limitations?
A: The data is reported by the Federal Reserve with a lag of approximately 6-8 weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Other Deposits in All Commercial Banks in South Carolina (X08IOACBOSC), retrieved from FRED.