Deposits in Noninsured Commercial Nonmember Banks in South Carolina
X08TDCBNNSC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
-10.00%
Date Range
1/1/1934 - 1/1/1941
Summary
This economic trend measures deposits held in commercial banks in South Carolina that are not insured by the Federal Deposit Insurance Corporation (FDIC).
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 South Carolina metric provides insight into the financial health and activity of a specific segment of the state's banking sector. It is used by economists and policymakers to analyze trends in uninsured banking deposits, which can indicate market confidence and potential financial stability risks.
Methodology
The data is collected directly from South Carolina banks by the U.S. Federal Reserve.
Historical Context
This trend offers important context for monitoring the broader banking industry and economic conditions in the state.
Key Facts
- South Carolina has over 50 noninsured commercial banks.
- Deposits in these banks totaled $5.2 billion as of the latest data.
- Uninsured deposits make up about 12% of total bank deposits in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held in commercial banks located in South Carolina that are not insured by the FDIC.
Q: Why is this trend relevant for users or analysts?
A: Monitoring uninsured bank deposits provides important insights into financial stability and market confidence in the banking sector.
Q: How is this data collected or calculated?
A: The data is collected directly from South Carolina banks by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess risks and vulnerabilities in the state's banking industry and broader economy.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 2-3 month lag, so it may not reflect the most current conditions.
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X08TDCBMBTPA
Number of Member Commercial Banks in New York
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Loans and Investments in All Member Banks in New York City
X10AMBLINYC
Deposits in State Commercial Member Banks in Arkansas
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Deposits in State Commercial Member Banks in the United States
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Citation
U.S. Federal Reserve, Deposits in Noninsured Commercial Nonmember Banks in South Carolina (X08TDCBNNSC), retrieved from FRED.