Deposits in Noninsured Commercial Nonmember Banks in Connecticut
X08TDCBNNCT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.00
Year-over-Year Change
292.86%
Date Range
1/1/1934 - 1/1/1941
Summary
This economic trend measures the total deposits held in noninsured commercial banks located in the state of Connecticut. It provides insight into the liquidity and financial health of the regional 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 Noninsured Commercial Nonmember Banks in Connecticut series tracks the deposit balances of state-chartered banks in Connecticut that are not members of the Federal Reserve System. This data offers a valuable gauge of banking activity and consumer confidence within the state's financial system.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its survey of state-chartered depository institutions.
Historical Context
Economists and policymakers monitor this trend to assess the stability and growth of Connecticut's local banking industry and its implications for the broader regional economy.
Key Facts
- Noninsured banks are not members of the Federal Deposit Insurance Corporation (FDIC).
- Connecticut has a large financial sector centered in cities like Hartford and Stamford.
- Deposit levels reflect consumer confidence and liquidity in the regional economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total deposit balances held in state-chartered, noninsured commercial banks located in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the liquidity, stability, and growth of Connecticut's local banking industry, which is an important indicator of regional economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve through its survey of state-chartered depository institutions.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the health and development of Connecticut's banking sector and its implications for the broader regional economy.
Q: Are there update delays or limitations?
A: The data is reported with a short time lag, typically a few weeks after the end of each quarter.
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Citation
U.S. Federal Reserve, Deposits in Noninsured Commercial Nonmember Banks in Connecticut (X08TDCBNNCT), retrieved from FRED.