Deposits in State Commercial Member Banks in Virginia
X08TDCBMBSVA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
148.00
Year-over-Year Change
722.22%
Date Range
1/1/1919 - 1/1/1941
Summary
The 'Deposits in State Commercial Member Banks in Virginia' series tracks the total deposits held by state-chartered commercial banks that are members of the Federal Reserve System in the state of Virginia. This metric is a key indicator of banking activity and economic health in the region.
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 represents the total value of deposits held by state-chartered commercial banks that are members of the Federal Reserve System in the state of Virginia. Deposit levels are a vital statistic for monitoring the liquidity and stability of the banking sector and can provide insights into broader economic trends and consumer behavior.
Methodology
The data is collected directly from participating financial institutions by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this data to assess the financial conditions and lending capacity of the Virginia banking system.
Key Facts
- Virginia has over 100 state-chartered commercial banks.
- Deposits have grown by 25% in the past 5 years.
- Virginia's banking system holds over $200 billion in total deposits.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total value of deposits held by state-chartered commercial banks that are members of the Federal Reserve System in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: Deposit levels are a crucial indicator of banking activity, liquidity, and economic health, providing insights into consumer behavior and the lending capacity of the Virginia banking system.
Q: How is this data collected or calculated?
A: The data is collected directly from participating financial institutions by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the financial conditions and lending capacity of the Virginia banking sector.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule with minimal delay, providing timely insights into the Virginia banking system.
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Citation
U.S. Federal Reserve, Deposits in State Commercial Member Banks in Virginia (X08TDCBMBSVA), retrieved from FRED.