Total Deposits in Commercial Member Banks in Illinois
X08TDCBMBTIL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,224.00
Year-over-Year Change
648.42%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend measures the total value of deposits held in commercial member banks located within the state of Illinois. It is an important indicator of the overall health and liquidity of the Illinois banking system.
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 Total Deposits in Commercial Member Banks in Illinois series tracks the aggregate dollar value of all deposits, including checking, savings, and time deposits, held by banks that are members of the Federal Reserve System and operate within the state of Illinois. This metric provides insight into the funding and lending capacity of the state's banking institutions.
Methodology
The data is collected by the U.S. Federal Reserve through its regular surveys of commercial banks.
Historical Context
This trend is closely monitored by policymakers, regulators, and market analysts to assess the stability and growth of the Illinois financial sector.
Key Facts
- Illinois has over 500 commercial banks.
- Total deposits in Illinois banks exceed $500 billion.
- Deposits have grown by 20% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held in commercial banks that are members of the Federal Reserve System and operate within the state of Illinois.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the funding and lending capacity of Illinois banks, which is an important indicator of the overall health and stability of the state's financial sector.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through its regular surveys of commercial banks.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers, regulators, and market analysts to assess the stability and growth of the Illinois financial sector.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically within a few weeks of the reporting period.
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Citation
U.S. Federal Reserve, Total Deposits in Commercial Member Banks in Illinois (X08TDCBMBTIL), retrieved from FRED.