Total Deposits in Commercial Banks in Ohio
X08TDCBTOH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,946.00
Year-over-Year Change
225.52%
Date Range
1/1/1914 - 1/1/1941
Summary
The Total Deposits in Commercial Banks in Ohio metric tracks the total value of deposits held in commercial banks located within the state of Ohio. This indicator provides insights into the health and activity of Ohio's 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 dollar amount of deposits held by commercial banks operating in the state of Ohio. It serves as a barometer for the overall liquidity and lending capacity of Ohio's banking system, which is crucial for supporting economic growth and investment in the state.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its ongoing surveys of commercial banks.
Historical Context
Policymakers and analysts use this metric to assess the availability of credit and financing for businesses and households in Ohio.
Key Facts
- Ohio has over 160 FDIC-insured commercial banks.
- Total commercial bank deposits in Ohio exceeded $304 billion as of 2022.
- Ohio's banking industry employs more than 55,000 people.
FAQs
Q: What does this economic trend measure?
A: The Total Deposits in Commercial Banks in Ohio metric tracks the total value of deposits held in commercial banks located within the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the health and activity of Ohio's banking sector, which is crucial for supporting economic growth and investment in the state.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve through its ongoing surveys of commercial banks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the availability of credit and financing for businesses and households in Ohio.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis, with minimal delays, providing timely insights into Ohio's banking sector.
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Citation
U.S. Federal Reserve, Total Deposits in Commercial Banks in Ohio (X08TDCBTOH), retrieved from FRED.