Other Deposits in Commercial Member Banks in North Carolina
X08IOMBONC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
254.00
Year-over-Year Change
625.71%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Other Deposits in Commercial Member Banks in North Carolina' metric tracks the total value of non-demand deposits held at commercial banks in the state. This provides insight into overall banking activity and household/business savings patterns.
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
This series represents the total value of non-demand deposits, including savings accounts, time deposits, and other types of deposits, held at commercial banks that are members of the Federal Reserve System in the state of North Carolina. It offers a window into broader banking and savings trends within the state.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its regular surveys of member banks.
Historical Context
Policymakers and analysts monitor this metric to gauge the health of the North Carolina banking sector and broader economic conditions.
Key Facts
- North Carolina is home to several major banking hubs.
- Deposits at commercial banks are a key source of funding for lending.
- Trends in non-demand deposits can signal changes in consumer and business savings patterns.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of non-demand deposits, such as savings accounts and time deposits, held at commercial banks that are members of the Federal Reserve System in North Carolina.
Q: Why is this trend relevant for users or analysts?
A: Monitoring this metric provides insight into the overall health and activity of the North Carolina banking sector, as well as broader economic conditions and savings patterns within the state.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve through its regular surveys of member banks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the strength of the North Carolina banking system and broader economic conditions, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the Federal Reserve, but there may be some time lag between the reporting period and public availability.
Related Trends
Total Investments in All Member Banks
X10AMBIT
Insured Mutual Savings Banks in the United States
MSBINS
Total Deposits in Commercial Member Banks in Michigan
X08TDCBMBTMI
Total Deposits in Commercial Member Banks in Maryland
X08TDCBMBTMD
Total Balances with Domestic Banks in All Insured Commercial Banks
X10AICBBDBT
Interbank Deposits in All Commercial Banks in North Carolina
X08IOACBINC
Citation
U.S. Federal Reserve, Other Deposits in Commercial Member Banks in North Carolina (X08IOMBONC), retrieved from FRED.