Deposits in National Commercial Member Banks in Minnesota
X08TDCBMBNMN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
818.00
Year-over-Year Change
202.96%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Deposits in National Commercial Member Banks in Minnesota' trend measures the total dollar value of deposits held in national commercial member banks located in the state of Minnesota. This metric is a key indicator of economic activity and financial health in 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 series represents the aggregate value of demand deposits, time deposits, and other types of deposits held by customers at national commercial banks that are members of the Federal Reserve System and located in the state of Minnesota. It provides insight into the overall level of financial activity and capital circulation within the state's economy.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its periodic surveys of commercial banks.
Historical Context
Policymakers and market analysts closely monitor this trend to gauge Minnesota's economic performance and financial conditions.
Key Facts
- Minnesota has over 300 national commercial member banks.
- Deposits in these banks exceeded $300 billion as of the latest reporting period.
- This trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of deposits held in national commercial member banks located in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall level of financial activity and capital circulation within Minnesota's economy, making it a key indicator for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve through its periodic surveys of commercial banks.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor this trend to gauge Minnesota's economic performance and financial conditions, which informs policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The data is reported on a periodic basis by the Federal Reserve, so there may be some delay between the reference period and the public release of the information.
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Interbank Deposits in Insured Nonmember Commercial Banks in Cities with 100,000 or Fewer Residents
X10INCBIDO1L
Demand Deposits in All Member Banks in Cities with 500,000 or Fewer Residents
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Citation
U.S. Federal Reserve, Deposits in National Commercial Member Banks in Minnesota (X08TDCBMBNMN), retrieved from FRED.