Interbank Deposits in Commercial Member Banks in Massachusetts
X08IOMBIMA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
391.00
Year-over-Year Change
252.25%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend measures the interbank deposits held by commercial member banks in Massachusetts. It provides insights into the liquidity and lending activity within the state's 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
The Interbank Deposits in Commercial Member Banks in Massachusetts series tracks the total value of deposits that commercial banks in Massachusetts hold with other banks. This metric reflects the level of interbank lending and the overall liquidity in the state's banking sector.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this trend to monitor the health and stability of Massachusetts' banking industry.
Key Facts
- Massachusetts has over 150 commercial banks.
- Interbank deposits peaked at $20 billion in 2007.
- The trend declined during the 2008-2009 financial crisis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits that commercial banks in Massachusetts hold with other banks, reflecting interbank lending and liquidity in the state's banking sector.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and stability of Massachusetts' banking industry, which is important for policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the banking system's liquidity and lending activity in Massachusetts, which can inform decisions and policies related to financial stability.
Q: Are there update delays or limitations?
A: The data is released with a short lag, typically within a few weeks of the end of each reporting period.
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Citation
U.S. Federal Reserve, Interbank Deposits in Commercial Member Banks in Massachusetts (X08IOMBIMA), retrieved from FRED.