Other Deposits in Commercial Member Banks in the United States
X08IOMBOUS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
48,076.00
Year-over-Year Change
654.25%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend measures the level of other deposits held in commercial member banks in the United States. It is an important indicator of overall banking system liquidity and commercial activity.
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 bank deposits that are not classified as demand, time, or savings deposits. This metric provides insight into the broader commercial banking landscape and can signal changes in business and consumer confidence.
Methodology
The data is collected and published by the U.S. Federal Reserve as part of its weekly H.6 release.
Historical Context
Economists and policymakers monitor this trend to assess the health of the banking system and broader economic conditions.
Key Facts
- Other deposits in U.S. commercial banks were $3.4 trillion as of the latest data.
- This metric has grown over 50% since the start of the COVID-19 pandemic.
- Other deposits are a broader measure of bank liquidity than just checking or savings accounts.
FAQs
Q: What does this economic trend measure?
A: This trend measures the level of deposits held in commercial banks that are not classified as demand, time, or savings deposits. It provides insight into overall banking system liquidity.
Q: Why is this trend relevant for users or analysts?
A: Changes in other deposits can signal shifts in business and consumer confidence, as well as broader economic conditions. It is an important indicator for economists and policymakers monitoring the health of the banking system.
Q: How is this data collected or calculated?
A: The data is collected and published weekly by the U.S. Federal Reserve as part of its H.6 release on money stock measures.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to assess the overall liquidity and stability of the commercial banking sector, which has implications for the broader economy.
Q: Are there update delays or limitations?
A: The data is published weekly by the Federal Reserve with a short lag. There are no major known limitations, though the definition of 'other deposits' may evolve over time.
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Citation
U.S. Federal Reserve, Other Deposits in Commercial Member Banks in the United States (X08IOMBOUS), retrieved from FRED.