Deposits in National Commercial Member Banks in South Carolina
X08TDCBMBNSC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.00
Year-over-Year Change
412.00%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend measures the total deposits held in national commercial member banks located in the state of South Carolina. It is an important indicator of the overall financial health and activity 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 Deposits in National Commercial Member Banks in South Carolina metric tracks the total dollar value of funds deposited with banks that are members of the Federal Reserve System and operate within the state. This provides insight into the liquidity and lending capacity of the South Carolina banking industry.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its banking regulatory and statistical reporting processes.
Historical Context
This trend is closely monitored by economists, policymakers, and financial analysts to assess the economic conditions and financial stability within the state of South Carolina.
Key Facts
- South Carolina has over 60 national commercial member banks.
- Total deposits in these banks exceeded $120 billion as of the latest data.
- Deposit levels have grown by over 30% in 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 within the state of South Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall liquidity, lending capacity, and financial health of the banking sector in South Carolina, which is an important indicator for economists, policymakers, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve through its banking regulatory and statistical reporting processes.
Q: How is this trend used in economic policy?
A: Trends in South Carolina bank deposits are closely monitored by policymakers and economists to assess the state's economic conditions and financial stability, which can inform policy decisions and interventions.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Federal Reserve, with minimal delays, providing a timely representation of deposit levels in South Carolina's national commercial member banks.
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Citation
U.S. Federal Reserve, Deposits in National Commercial Member Banks in South Carolina (X08TDCBMBNSC), retrieved from FRED.