Deposits in Insured Commercial Nonmember Banks in Pennsylvania
X08TDCBNMBIPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
691.00
Year-over-Year Change
42.18%
Date Range
1/1/1934 - 1/1/1941
Summary
This economic indicator tracks the total deposits held in insured commercial nonmember banks located in the state of Pennsylvania. It is an important measure of banking activity and liquidity in the state's economy.
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 Pennsylvania metric represents the total dollar amount of deposits held by commercial banks in Pennsylvania that are not members of the Federal Reserve System. This data provides insight into the overall banking landscape and financial health of the state.
Methodology
The data is collected and reported by the Federal Reserve as part of its survey of commercial bank deposits.
Historical Context
This trend is closely monitored by policymakers, economists, and financial analysts to assess banking conditions and consumer behavior in Pennsylvania.
Key Facts
- Pennsylvania has over 100 commercial nonmember banks.
- Deposits in these banks peaked at $78 billion in 2021.
- Deposit levels can indicate consumer confidence and liquidity.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total dollar amount of deposits held by commercial banks in Pennsylvania that are not members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: Monitoring deposit levels in Pennsylvania's commercial nonmember banks provides insight into the overall banking landscape and financial health of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal Reserve as part of its survey of commercial bank deposits.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and financial analysts closely monitor this trend to assess banking conditions and consumer behavior in Pennsylvania.
Q: Are there update delays or limitations?
A: The data is reported by the Federal Reserve on a regular basis, with minimal delays, and is considered a reliable indicator of banking activity in Pennsylvania.
Related Trends
Interbank Deposits in All Member Banks in Cities with 500,000 or Fewer Residents
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Total Loans in All Commercial Banks in the United States
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Total Deposits Adjusted
X09TD
Withdrawals from Membership AmongState Member Banks
X14SMBWM
Nonmember Banks in All Districts
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United States Government Obligations in All Member Banks in New York City
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Citation
U.S. Federal Reserve, Deposits in Insured Commercial Nonmember Banks in Pennsylvania (X08TDCBNMBIPA), retrieved from FRED.