Other Deposits in Commercial Member Banks in New Jersey
X08IOMBONJ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,633.00
Year-over-Year Change
677.62%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend measures the volume of deposits held in commercial banks located in New Jersey, excluding demand deposits and time deposits. It provides insights into the liquidity and health of the state's banking sector.
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 New Jersey' series tracks a specific category of bank deposits in the state. This metric is used by economists and policymakers to analyze trends in commercial banking activity and assess the broader economic conditions in New Jersey.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its survey of commercial banks.
Historical Context
Monitoring this deposit trend helps inform decisions around monetary policy and financial stability.
Key Facts
- New Jersey has over 130 FDIC-insured commercial banks.
- Bank deposits in New Jersey totaled $414 billion as of 2022.
- The 'other deposits' category accounts for roughly 25% of total bank deposits in the state.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the volume of deposits held in commercial banks located in New Jersey, excluding demand deposits and time deposits. It provides insight into the liquidity and overall health of the state's banking sector.
Q: Why is this trend relevant for users or analysts?
A: Monitoring this deposit trend helps economists and policymakers analyze commercial banking activity and assess broader economic conditions in New Jersey.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve through its survey of commercial banks.
Q: How is this trend used in economic policy?
A: This deposit trend is used to inform decisions around monetary policy and financial stability at the state and national levels.
Q: Are there update delays or limitations?
A: The Federal Reserve publishes this data on a regular basis, with occasional delays due to the time required for data collection and compilation.
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Citation
U.S. Federal Reserve, Other Deposits in Commercial Member Banks in New Jersey (X08IOMBONJ), retrieved from FRED.