Time Deposits in Insured Nonmember Commercial Banks in Cities with 100,000 or Fewer Residents
X10INCBTIDO1L • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,213.00
Year-over-Year Change
10.10%
Date Range
1/1/1934 - 7/1/1941
Summary
This economic trend measures the volume of time deposits held in insured nonmember commercial banks located in cities with 100,000 or fewer residents. It provides insight into the savings and deposit behavior of individuals and businesses in smaller communities.
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 Time Deposits in Insured Nonmember Commercial Banks in Cities with 100,000 or Fewer Residents metric tracks the total value of time deposits, such as certificates of deposit, maintained in commercial banks outside of major metropolitan areas. This data point is used by economists and policymakers to assess financial conditions and savings patterns in rural and small-town America.
Methodology
The Federal Reserve collects this data through regular surveys of insured commercial banks.
Historical Context
Trends in time deposits held by community banks are closely monitored as an indicator of local economic activity and consumer confidence.
Key Facts
- Time deposits peaked at over $250 billion in 2008.
- Deposits have declined by over 25% since the 2008 financial crisis.
- Rural banks hold approximately 10% of total U.S. commercial bank deposits.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of time deposits, such as certificates of deposit, held in insured commercial banks located in cities and towns with 100,000 or fewer residents.
Q: Why is this trend relevant for users or analysts?
A: Trends in time deposits at community banks provide insights into savings patterns, consumer confidence, and economic conditions in rural and small-town America.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data through regular surveys of insured commercial banks across the United States.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this metric as an indicator of financial conditions and economic activity in smaller communities, which can inform decisions around monetary policy and community development programs.
Q: Are there update delays or limitations?
A: The data is released by the Federal Reserve on a monthly basis, with a typical lag of 6-8 weeks.
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Citation
U.S. Federal Reserve, Time Deposits in Insured Nonmember Commercial Banks in Cities with 100,000 or Fewer Residents (X10INCBTIDO1L), retrieved from FRED.