Interbank Deposits in Commercial Member Banks in North Dakota
X08IOMBIND • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
33.33%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend measures the total value of interbank deposits held by commercial member banks in the state of North Dakota. It provides insights into the liquidity and activity within the North Dakota 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 for the purposes of facilitating transactions and managing reserves. This metric offers a window into the interconnectedness and short-term lending dynamics of the North Dakota banking sector.
Methodology
The data is collected by the U.S. Federal Reserve through mandatory reporting by commercial banks.
Historical Context
Economists and policymakers monitor this trend to assess the overall health and stability of the North Dakota banking industry.
Key Facts
- North Dakota has over 80 commercial banks.
- Interbank deposits account for around 10% of total bank deposits in the state.
- Interbank deposit levels have remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of funds that commercial banks in North Dakota hold on deposit with other banks, providing insight into short-term lending and liquidity within the state's banking system.
Q: Why is this trend relevant for users or analysts?
A: Monitoring interbank deposit levels is important for understanding the overall health and stability of the North Dakota banking industry, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through mandatory reporting requirements for commercial banks.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this metric to assess the liquidity, interconnectedness, and risk profile of the North Dakota banking sector, which informs decisions around monetary policy and financial stability.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis with minimal delays, providing timely insights into the North Dakota banking system.
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Citation
U.S. Federal Reserve, Interbank Deposits in Commercial Member Banks in North Dakota (X08IOMBIND), retrieved from FRED.