Other Deposits in Commercial Member Banks in South Carolina
X08IOMBOSC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.00
Year-over-Year Change
477.27%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend measures the volume of other deposits held by commercial member banks in the state of South Carolina. It provides insight into banking activity and financial conditions in the region.
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
Other deposits refer to a category of bank account balances that are not considered demand deposits or time deposits. Tracking this metric can help economists and policymakers understand the flow of funds within the banking system and regional economic dynamics.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
This information is used by analysts to assess the financial health and lending capacity of banks in South Carolina.
Key Facts
- Other deposits exclude demand and time deposits.
- South Carolina has a significant banking industry.
- This metric tracks a specific category of bank balances.
FAQs
Q: What does this economic trend measure?
A: This trend measures the volume of other deposits held by commercial member banks in the state of South Carolina. Other deposits refer to a category of bank account balances that are not considered demand deposits or time deposits.
Q: Why is this trend relevant for users or analysts?
A: Tracking this metric can help economists and policymakers understand the flow of funds within the banking system and regional economic dynamics in South Carolina.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: This information is used by analysts to assess the financial health and lending capacity of banks in South Carolina, which is relevant for economic policy decisions.
Q: Are there update delays or limitations?
A: There may be update delays or limitations inherent in the data collection process by the Federal Reserve.
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Citation
U.S. Federal Reserve, Other Deposits in Commercial Member Banks in South Carolina (X08IOMBOSC), retrieved from FRED.