Total Deposits in Commercial Nonmember Banks in Illinois
X08TDCBNMBTIL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
415.00
Year-over-Year Change
-44.67%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Total Deposits in Commercial Nonmember Banks in Illinois' trend measures the total deposits held by commercial banks in Illinois that are not members of the Federal Reserve System. This metric provides insights into the deposit-taking activity and liquidity of the state's non-member 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 series represents the total dollar value of deposits held by Illinois-based commercial banks that are not part of the Federal Reserve System. It serves as an important indicator of the financial health and deposit-gathering capacity of the state's non-member banking institutions.
Methodology
The data is collected and reported by the Federal Reserve through its surveys of commercial banking activity.
Historical Context
Policymakers and analysts use this trend to monitor the deposit and liquidity conditions in Illinois' non-member banking market.
Key Facts
- Illinois has over 200 commercial banks that are not members of the Federal Reserve System.
- Non-member bank deposits account for roughly 25% of total commercial banking deposits in Illinois.
- Deposit growth in the non-member banking sector is a key indicator of economic activity in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by commercial banks in Illinois 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 deposit-taking activity and liquidity conditions of Illinois' non-member banking sector, which is an important component of the state's overall banking and financial system.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal Reserve through its surveys of commercial banking activity.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the deposit and liquidity conditions in Illinois' non-member banking market, which can inform decisions around economic and financial regulation.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Federal Reserve, with minimal delays in publication.
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Citation
U.S. Federal Reserve, Total Deposits in Commercial Nonmember Banks in Illinois (X08TDCBNMBTIL), retrieved from FRED.