Deposits in Insured Commercial Nonmember Banks in Connecticut
X08TDCBNMBICT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
179.00
Year-over-Year Change
25.17%
Date Range
1/1/1934 - 1/1/1941
Summary
This economic trend measures the total deposits held in insured commercial banks that are not members of the Federal Reserve System in the state of Connecticut. It provides insights into the financial health and liquidity of the Connecticut 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 Insured Commercial Nonmember Banks in Connecticut metric tracks the aggregate dollar value of deposits maintained at FDIC-insured commercial banks located in Connecticut that are not members of the Federal Reserve System. This indicator is used by economists and policymakers to assess the stability and growth of the state's banking industry.
Methodology
The data is collected and reported by the Federal Reserve through its regular surveys of commercial banks.
Historical Context
This trend is closely monitored by state and federal regulators to evaluate the soundness of Connecticut's financial system and guide policy decisions.
Key Facts
- Connecticut has over 50 FDIC-insured commercial banks that are not members of the Federal Reserve System.
- Deposits in these nonmember banks account for approximately 25% of total commercial bank deposits in the state.
- The value of deposits has grown by an average of 3.5% per year over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of deposits held at FDIC-insured commercial banks located in Connecticut that are not members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the financial health and liquidity of Connecticut's banking sector, which is important for evaluating the state's economic stability and growth.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal Reserve through its regular surveys of commercial banks.
Q: How is this trend used in economic policy?
A: State and federal regulators closely monitor this trend to evaluate the soundness of Connecticut's financial system and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of approximately 2 months.
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Citation
U.S. Federal Reserve, Deposits in Insured Commercial Nonmember Banks in Connecticut (X08TDCBNMBICT), retrieved from FRED.