Total Deposits in All Banks in South Carolina
X08TDABSC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
191.00
Year-over-Year Change
172.86%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Total Deposits in All Banks in South Carolina' series measures the total value of deposits held by banks located in the state of South Carolina. This key metric provides insight into the level of economic activity and financial health within the state.
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 economic indicator tracks the total amount of money that individuals, businesses, and other entities have deposited with banks based in South Carolina. It serves as an important gauge of the state's financial system and overall economic conditions.
Methodology
The data is collected directly from financial institutions and aggregated by the U.S. Federal Reserve.
Historical Context
Policymakers and market analysts closely monitor this trend to assess the broader economic climate in South Carolina.
Key Facts
- South Carolina has over 100 FDIC-insured banks.
- Total bank deposits in the state exceed $200 billion.
- Deposits have grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Total Deposits in All Banks in South Carolina' series tracks the total value of deposits held by banks located within the state of South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of economic activity and financial health within the state of South Carolina, making it a key indicator for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from financial institutions in South Carolina and aggregated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and regulators monitor this trend to assess the broader economic and financial conditions in South Carolina, which can inform policy decisions and interventions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delays, providing timely insights into the state's banking sector and economic activity.
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Citation
U.S. Federal Reserve, Total Deposits in All Banks in South Carolina (X08TDABSC), retrieved from FRED.