Other Deposits in All Commercial Banks in Connecticut
X08IOACBOCT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
736.00
Year-over-Year Change
461.83%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Other Deposits in All Commercial Banks in Connecticut' series measures the total deposits held by commercial banks in the state of Connecticut, excluding demand and time deposits. This metric provides insight into the liquidity and financial health of the local banking system.
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 series tracks the total deposits held by commercial banks in Connecticut that are not classified as demand or time deposits. It offers a broader view of banking activity beyond just checking and savings accounts, reflecting other types of deposit accounts that may be used for investment or other purposes.
Methodology
The data is collected through the Federal Reserve's mandatory reporting requirements for commercial banks.
Historical Context
Policymakers and analysts use this metric to assess the overall lending and deposit trends in the Connecticut economy.
Key Facts
- Connecticut has over 100 commercial banks.
- Other deposits account for over 25% of total bank deposits in the state.
- This metric has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series measures the total deposits held by commercial banks in Connecticut that are not classified as demand or time deposits, providing insight into broader banking activity in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric offers a more comprehensive view of the financial health and liquidity of the Connecticut banking system beyond just checking and savings accounts.
Q: How is this data collected or calculated?
A: The data is collected through the Federal Reserve's mandatory reporting requirements for commercial banks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess overall lending and deposit trends in the Connecticut economy.
Q: Are there update delays or limitations?
A: The data is reported regularly with minimal delay, providing timely insights into the Connecticut banking sector.
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Citation
U.S. Federal Reserve, Other Deposits in All Commercial Banks in Connecticut (X08IOACBOCT), retrieved from FRED.