Other Deposits in Commercial Member Banks in Texas
X08IOMBOTX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,370.00
Year-over-Year Change
617.28%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Other Deposits in Commercial Member Banks in Texas' metric tracks the total value of deposits held at commercial banks in Texas, excluding demand deposits and time deposits. This indicator provides insights into the broader health and activity of the Texas 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
This series measures deposits in commercial banks located in the state of Texas that are not classified as demand deposits or time deposits. It serves as a useful indicator of broader banking activity and liquidity conditions in the Texas economy.
Methodology
The data is collected and reported by the U.S. Federal Reserve as part of its regular surveys of commercial banking activity.
Historical Context
Economists and policymakers monitor this trend to assess the financial health and lending capacity of the Texas banking system.
Key Facts
- Texas is the second-largest state economy in the U.S.
- Other deposits represent around 20% of total bank deposits in Texas.
- This metric reached a record high of $324 billion in 2021.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of deposits held at commercial banks in Texas, excluding demand deposits and time deposits. It provides insights into broader banking activity and liquidity in the Texas economy.
Q: Why is this trend relevant for users or analysts?
A: Monitoring this trend helps economists and policymakers assess the financial health and lending capacity of the Texas banking system, which is a key driver of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve as part of its regular surveys of commercial banking activity.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to gauge banking system liquidity and support policies that promote financial stability and lending in the Texas economy.
Q: Are there update delays or limitations?
A: The data is reported with a short lag, typically 1-2 months after the end of the reporting period. There are no known significant limitations in the underlying data collection.
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Conversions to Private Banks from Nonmember Incorporated Commercial Banks
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United States Government Obligations in All Member Banks in Cities with 500,000 or More Residents
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Total Cash in Vault for Insured Nonmember Commercial Banks
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Citation
U.S. Federal Reserve, Other Deposits in Commercial Member Banks in Texas (X08IOMBOTX), retrieved from FRED.