Deposits in All Insured Commercial Banks in Cities with 100,000 or Fewer Residents
X10AICBTODO1L • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19,619.00
Year-over-Year Change
52.55%
Date Range
1/1/1934 - 7/1/1941
Summary
This economic trend measures the total deposits held in all insured commercial banks located in cities with populations of 100,000 or fewer residents. It provides insight into the financial activity and savings patterns of individuals and businesses in smaller urban areas.
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 All Insured Commercial Banks in Cities with 100,000 or Fewer Residents data series tracks the aggregate value of deposits at commercial banks serving smaller metropolitan and micropolitan statistical areas. This metric is used by economists and policymakers to assess economic conditions and financial inclusion in rural and exurban regions.
Methodology
The data is collected and reported by the U.S. Federal Reserve based on information reported by insured commercial banks.
Historical Context
This economic indicator can help inform decisions related to monetary policy, community development, and the regulation of the banking industry.
Key Facts
- Covers over 6,000 smaller commercial banks across the U.S.
- Deposits in these banks totaled over $2.3 trillion as of the latest data.
- Has shown steady growth over the past decade
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total value of deposits held at all insured commercial banks located in cities and towns with populations of 100,000 or fewer residents.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial activity and savings patterns of individuals and businesses in smaller urban and rural areas, which is valuable for assessing economic conditions and financial inclusion outside of major metropolitan regions.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects this data directly from insured commercial banks and reports the aggregate value of deposits.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to inform decisions related to monetary policy, community development programs, and the regulation of the banking industry, particularly in non-urban areas.
Q: Are there update delays or limitations?
A: The data is reported by the Federal Reserve on a regular basis, typically with a lag of 1-2 months. There are no major known limitations to the scope or reliability of this data series.
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Citation
U.S. Federal Reserve, Deposits in All Insured Commercial Banks in Cities with 100,000 or Fewer Residents (X10AICBTODO1L), retrieved from FRED.