Interbank Deposits in Commercial Member Banks in Minnesota
X08IOMBIMN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
176.00
Year-over-Year Change
220.00%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend measures the interbank deposits held by commercial banks in the state of Minnesota. It is an important indicator of liquidity and lending activity within 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 refer to funds that commercial banks hold in deposit accounts with other banks. This metric provides insight into the flow of funds and credit between banks, which is a crucial part of the banking and financial system.
Methodology
The data is collected by the U.S. Federal Reserve through its regular surveys of commercial banks.
Historical Context
Economists and policymakers monitor this trend to assess the health and stability of Minnesota's regional banking sector.
Key Facts
- Interbank deposits in Minnesota peaked at $4.2 billion in 2007.
- Deposits declined sharply during the 2008-2009 financial crisis.
- Interbank lending remains below pre-crisis levels in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the deposits that commercial banks in Minnesota hold with other banks, providing insight into interbank lending and liquidity within the regional banking system.
Q: Why is this trend relevant for users or analysts?
A: Monitoring interbank deposits is important for understanding the health and stability of the banking sector, as well as overall financial conditions in the Minnesota economy.
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: Policymakers and economists analyze this metric to assess the flow of credit and liquidity within Minnesota's regional banking system, which informs decisions around monetary policy and financial regulation.
Q: Are there update delays or limitations?
A: The data is published with a slight delay, but provides a timely snapshot of interbank deposit activity in Minnesota.
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Citation
U.S. Federal Reserve, Interbank Deposits in Commercial Member Banks in Minnesota (X08IOMBIMN), retrieved from FRED.