Deposits in Insured Commercial Nonmember Banks in Mississippi
X08TDCBNMBIMS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
128.00
Year-over-Year Change
72.97%
Date Range
1/1/1934 - 1/1/1941
Summary
This economic trend measures the total deposits held in insured commercial nonmember banks located in the state of Mississippi. It provides insight into the liquidity and financial health of 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 Insured Commercial Nonmember Banks in Mississippi trend represents the total dollar value of deposits, including checking, savings, and time deposits, held by commercial banks in Mississippi that are not members of the Federal Reserve System. This metric is used to analyze the overall deposit base and funding structure of the state's banking industry.
Methodology
The data is collected by the Federal Deposit Insurance Corporation (FDIC) through quarterly reports filed by insured depository institutions.
Historical Context
This trend is monitored by policymakers, economists, and market analysts to assess the stability and growth of Mississippi's banking system and its implications for the broader state economy.
Key Facts
- Mississippi has over 100 insured commercial nonmember banks.
- Deposits in these banks exceeded $50 billion as of the latest data.
- The trend has shown steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total deposits held in insured commercial banks located in Mississippi that are not members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the liquidity and financial health of Mississippi's banking sector, which is an important component of the state's overall economic activity and stability.
Q: How is this data collected or calculated?
A: The data is collected by the FDIC through quarterly reports filed by insured depository institutions.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the stability and growth of Mississippi's banking system and its implications for the broader state economy.
Q: Are there update delays or limitations?
A: The data is released quarterly, so there may be a short delay before the most recent information is available.
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Citation
U.S. Federal Reserve, Deposits in Insured Commercial Nonmember Banks in Mississippi (X08TDCBNMBIMS), retrieved from FRED.