Other Deposits in Commercial Member Banks in South Dakota
X08IOMBOSD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.00
Year-over-Year Change
131.25%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic indicator tracks the total value of other deposits held in commercial member banks located in South Dakota. It provides insights into the financial activities and deposit trends within 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 South Dakota' metric represents all deposits in commercial banks that are not classified as demand deposits, time deposits, or savings deposits. This measure helps economists and policymakers monitor the overall deposit composition and liquidity levels in South Dakota's banking system.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this metric to assess the financial health and lending capacity of South Dakota's commercial banking industry.
Key Facts
- South Dakota has a large and active commercial banking sector.
- Other deposits make up a significant portion of total bank deposits in the state.
- This metric has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Other Deposits in Commercial Member Banks in South Dakota' metric tracks the total value of deposits in commercial banks located in South Dakota that are not classified as demand, time, or savings deposits.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall deposit composition and liquidity levels within South Dakota's commercial banking system, which is crucial for assessing the financial health and lending capacity of the industry.
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: Policymakers and analysts use this metric to monitor the financial activities and deposit trends within South Dakota's commercial banking sector, which informs decisions related to economic and financial regulations.
Q: Are there update delays or limitations?
A: The data is released by the Federal Reserve on a regular basis, but there may be a short delay between the reporting period and the public release of the information.
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Citation
U.S. Federal Reserve, Other Deposits in Commercial Member Banks in South Dakota (X08IOMBOSD), retrieved from FRED.