Other Deposits in Commercial Member Banks in Illinois
X08IOMBOIL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,143.00
Year-over-Year Change
833.11%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend tracks the volume of other deposits held by commercial member banks in the state of Illinois. It provides insight into banking activity and liquidity within the Illinois 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
The Other Deposits in Commercial Member Banks in Illinois series measures the total value of deposits held by commercial banks in Illinois that are not classified as demand, time, or savings deposits. This indicator offers a broader view of banking system liabilities and is used by economists to assess financial conditions and liquidity in the Illinois market.
Methodology
The data is collected and published by the U.S. Federal Reserve as part of its H.8 statistical release on commercial bank assets and liabilities.
Historical Context
Trends in other deposits are monitored by policymakers, analysts, and investors to gauge the overall state of banking activity and financial system stability.
Key Facts
- Illinois has over 600 FDIC-insured commercial banks.
- Other deposits account for around 10% of total commercial bank liabilities in Illinois.
- Other deposits saw a spike during the 2008-2009 financial crisis.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the value of deposits held by commercial banks in Illinois that are not classified as demand, time, or savings deposits. It provides a broader view of banking system liabilities in the state.
Q: Why is this trend relevant for users or analysts?
A: Trends in other deposits are monitored by policymakers, analysts, and investors to gauge the overall state of banking activity and financial system stability in Illinois.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Federal Reserve as part of its H.8 statistical release on commercial bank assets and liabilities.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market participants use this data to assess banking system liquidity and financial conditions in Illinois, which informs economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published weekly by the Federal Reserve with a short lag, providing timely insights into Illinois banking activity.
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Citation
U.S. Federal Reserve, Other Deposits in Commercial Member Banks in Illinois (X08IOMBOIL), retrieved from FRED.