Interbank Deposits in Commercial Member Banks in Mississippi
X08IOMBIMS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.00
Year-over-Year Change
1000.00%
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 Mississippi. It provides insights into the liquidity and activity within the state's 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 in accounts at other banks. This metric offers a window into the interconnectedness and stability of the regional banking network in Mississippi.
Methodology
The data is collected directly from reports filed by commercial banks in Mississippi with the Federal Reserve.
Historical Context
Policymakers and analysts use this trend to gauge the overall health and functioning of Mississippi's banking sector.
Key Facts
- Mississippi has over 100 FDIC-insured commercial banks.
- Interbank deposits make up around 15% of total bank deposits in the state.
- This metric reached a record high of $6.2 billion in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits that commercial banks in Mississippi hold in accounts at other banks within the state.
Q: Why is this trend relevant for users or analysts?
A: Interbank deposit levels provide insights into the liquidity, interconnectedness, and overall health of Mississippi's banking system, which is useful for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from reports filed by commercial banks in Mississippi with the Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and regulators monitor this metric to assess the stability and functioning of the regional banking sector, which informs decisions around monetary policy and financial regulations.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis with a lag of approximately 6 weeks.
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Citation
U.S. Federal Reserve, Interbank Deposits in Commercial Member Banks in Mississippi (X08IOMBIMS), retrieved from FRED.