Total Deposits in Commercial Member Banks in Maryland
X08TDCBMBTMD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
622.00
Year-over-Year Change
393.65%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Total Deposits in Commercial Member Banks in Maryland' tracks the total dollar value of deposits held by commercial banks located in the state of Maryland. This metric is a key indicator of the overall health and activity of the banking sector 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 economic trend represents the total value of deposits held by FDIC-insured commercial banks that are members of the Federal Reserve System and located in the state of Maryland. It serves as an important barometer of the size and activity of the banking industry in the state.
Methodology
The data is collected directly from commercial banks through regulatory reporting requirements.
Historical Context
The total deposits metric is widely used by economists, policymakers, and financial analysts to assess the stability and growth of the Maryland banking sector.
Key Facts
- Maryland has over 100 FDIC-insured commercial banks.
- Total bank deposits in Maryland exceed $100 billion.
- The state's bank deposits have grown by over 20% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of deposits held by FDIC-insured commercial banks that are members of the Federal Reserve System and located in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: The total deposits metric is an important indicator of the overall health and activity of the banking sector in Maryland, providing insights into the stability and growth of the state's financial system.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks through regulatory reporting requirements.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial analysts use this metric to assess the stability and growth of the Maryland banking sector, which informs decision-making related to economic development, financial regulation, and monetary policy.
Q: Are there update delays or limitations?
A: The data is updated quarterly with a short delay, and may be subject to revisions as banks submit updated information.
Related Trends
Interbank Deposits in All Insured Commercial Banks in Cities with 500,000 or More Residents
X10AICBIDO5M
Total Deposits in National Banks in the United States
X04DT
Total Reserves with Federal Reserve Banks for All Member Banks
X10AMBRFT
Deposits in All Insured Commercial Banks in Cities with 500,000 or Fewer Residents
X10AICBTODO5L
Total Nonmember Banks in the United States
NMBRBNK
Loans and Investments in Insured Nonmember Commercial Banks in Cities with 100,000 or Fewer Residents
X10INCBLIO1L
Citation
U.S. Federal Reserve, Total Deposits in Commercial Member Banks in Maryland (X08TDCBMBTMD), retrieved from FRED.