Total Deposits in Commercial Nonmember Banks in North Dakota
X08TDCBNMBTND • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.00
Year-over-Year Change
-39.22%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Total Deposits in Commercial Nonmember Banks in North Dakota' tracks the total deposits held by commercial banks in North Dakota that are not members of the Federal Reserve System. This metric provides insights into the financial health and activity 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 economic series measures the total deposits held by commercial banks in North Dakota that have chosen not to join the Federal Reserve System. Nonmember banks operate under different regulatory oversight and capital requirements compared to member banks, so this data offers a unique window into the financial dynamics of this distinct segment of the banking industry.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this metric to assess the overall stability and growth of North Dakota's banking system.
Key Facts
- North Dakota has a large nonmember banking sector.
- Nonmember banks are not required to hold reserves at the Federal Reserve.
- Total deposits in North Dakota nonmember banks exceeded $10 billion in 2022.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total deposits held by commercial banks in North Dakota that are not members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This data offers insights into the financial dynamics of the distinct segment of nonmember banks in North Dakota, which operate under different regulations compared to member banks.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the overall stability and growth of North Dakota's banking system.
Q: Are there update delays or limitations?
A: The data is reported by the Federal Reserve with minimal delay, providing timely insights into North Dakota's nonmember banking sector.
Related Trends
Total Deposits in All Member Banks
X10AMBTODT
Interbank Deposits in All Insured Commercial Banks in Cities with 500,000 or Fewer Residents
X10AICBIDO5L
Total Loans in All Insured Commercial Banks
X10AICBLT
Noninsured Mutual Savings Banks in the United States
MSBUN
Number of Nonmember Commercial Banks in Michigan
X08CBNMBTMI
Conversions to Private Banks from Nonmember Incorporated Commercial Banks
X14NICBCPBD
Citation
U.S. Federal Reserve, Total Deposits in Commercial Nonmember Banks in North Dakota (X08TDCBNMBTND), retrieved from FRED.