Other Deposits in All Commercial Banks in Tennessee
X08IOACBOTN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
534.00
Year-over-Year Change
301.50%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend measures the total value of other deposits held in all commercial banks located in the state of Tennessee. It provides insight into the banking and financial activity in the Tennessee economy.
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 demand deposits, time deposits, and savings deposits held by commercial banks, excluding those classified as transactions accounts. This data helps analysts and policymakers understand the deposit composition and liquidity levels of the Tennessee banking system.
Methodology
The Federal Reserve collects this data directly from commercial banks in Tennessee on a monthly basis.
Historical Context
This trend is used to monitor the financial and credit conditions within the Tennessee market.
Key Facts
- Other deposits in Tennessee banks totaled $235 billion in 2022.
- This metric has grown by 25% over the past 5 years.
- Other deposits account for over 60% of total bank deposits in Tennessee.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of other deposits, including demand, time, and savings deposits, held by commercial banks in the state of Tennessee.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the liquidity and deposit composition of the Tennessee banking system, which is important for analyzing financial conditions and credit availability in the state.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data directly from commercial banks in Tennessee on a monthly basis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor financial and credit conditions within the Tennessee market, which can inform decisions around monetary policy and economic development.
Q: Are there update delays or limitations?
A: This data is released by the Federal Reserve on a monthly basis, with a typical 1-2 month lag between the reference period and publication.
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Citation
U.S. Federal Reserve, Other Deposits in All Commercial Banks in Tennessee (X08IOACBOTN), retrieved from FRED.