Deposits in Insured Commercial Nonmember Banks in Rhode Island
X08TDCBNMBIRI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
16.67%
Date Range
1/1/1934 - 1/1/1941
Summary
The 'Deposits in Insured Commercial Nonmember Banks in Rhode Island' metric tracks the total value of deposits held in commercial banks in Rhode Island that are not members of the Federal Reserve System. This provides important insights 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
This economic indicator represents the aggregate level of deposits held by commercial banks in Rhode Island that are not part of the Federal Reserve system. It offers a view into the overall size and activity of the state's non-member banking institutions, which are an important component of the broader financial landscape.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its surveys of commercial banking institutions.
Historical Context
Policymakers and analysts monitor this metric to assess the liquidity and stability of Rhode Island's banking system and its implications for the state's economic conditions.
Key Facts
- Rhode Island has over 20 insured commercial nonmember banks.
- Deposits in these banks totaled over $10 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 metric tracks the total value of deposits held in commercial banks located in Rhode Island that are not members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the liquidity and financial health of Rhode Island's non-member banking sector, which is an important component of the state's broader financial landscape.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve through its surveys of commercial banking institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric to assess the liquidity and stability of Rhode Island's banking system and its implications for the state's economic conditions.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the Federal Reserve, but there may be some delays in reporting.
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Citation
U.S. Federal Reserve, Deposits in Insured Commercial Nonmember Banks in Rhode Island (X08TDCBNMBIRI), retrieved from FRED.