Deposits in Noninsured Commercial Nonmember Banks in Michigan
X08TDCBNNMI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60.00
Year-over-Year Change
71.43%
Date Range
1/1/1934 - 1/1/1941
Summary
This economic trend measures the total deposits held in noninsured commercial banks in the state of Michigan. It provides insight into the financial health and liquidity 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 Michigan indicator tracks the total dollar amount of deposits held at commercial banks in Michigan that are not insured by the Federal Deposit Insurance Corporation (FDIC). This metric offers a view into the stability and activity of the state's uninsured banking institutions.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its regular surveys of commercial banks.
Historical Context
This trend is used by economists and policymakers to monitor the broader conditions of Michigan's regional banking system and its potential vulnerabilities.
Key Facts
- Michigan has over 100 noninsured commercial banks.
- Deposits in these banks totaled $10.2 billion as of the latest data.
- Noninsured banks account for 12% of total commercial bank assets in Michigan.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar amount of deposits held at commercial banks in Michigan that are not insured by the Federal Deposit Insurance Corporation (FDIC).
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the stability and activity of Michigan's uninsured banking institutions, offering a view into the broader conditions of the state's regional banking system.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve through its regular surveys of commercial banks.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to monitor the potential vulnerabilities in Michigan's regional banking system and inform policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Federal Reserve, but there may be occasional delays in publication.
Related Trends
Total Loans in All Commercial Banks in the United States
X03LIL
Total Loans and Investments in All Commercial Banks in the United States
X03LIT
Number of Banks in Kentucky
X08ABKY
Other Deposits in Nonmember Commercial Banks in the United States
X06DO
Time Deposits in All Member Banks in Cities with 100,000 or Fewer Residents
X10AMBTIDO1L
Number of Banks in North Carolina
X08ABNC
Citation
U.S. Federal Reserve, Deposits in Noninsured Commercial Nonmember Banks in Michigan (X08TDCBNNMI), retrieved from FRED.