Interbank Deposits in Commercial Member Banks in Florida
X08IOMBIFL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89.00
Year-over-Year Change
1171.43%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend measures the total volume of interbank deposits held by commercial member banks in the state of Florida. It provides insights into the liquidity and interconnectedness of the regional 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
Interbank deposits represent funds that commercial banks hold with other banks, often as a way to manage liquidity, facilitate transactions, and earn interest. The X08IOMBIFL series tracks this activity specifically within the Florida banking market, offering a window into the health and stability of the state's financial ecosystem.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its regular surveys of commercial banks.
Historical Context
Economists and policymakers monitor trends in interbank deposits to assess systemic risks and the overall resilience of the banking sector.
Key Facts
- Florida has over 600 commercial member banks.
- Interbank deposits account for about 10% of total bank deposits in the state.
- The volume of interbank deposits has grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The X08IOMBIFL series tracks the total volume of interbank deposits held by commercial member banks located in the state of Florida.
Q: Why is this trend relevant for users or analysts?
A: Interbank deposits provide insights into the liquidity, interconnectedness, and overall health of the regional banking system, which is relevant for economists, policymakers, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through its regular surveys and reporting on the operations of commercial banks.
Q: How is this trend used in economic policy?
A: Trends in interbank deposits are monitored by central banks and financial regulators to assess systemic risks and the resilience of the banking sector, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag of approximately 3 months, and it only covers commercial member banks in the state of Florida.
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Citation
U.S. Federal Reserve, Interbank Deposits in Commercial Member Banks in Florida (X08IOMBIFL), retrieved from FRED.