Other Deposits in Commercial Member Banks in Massachusetts
X08IOMBOMA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,778.00
Year-over-Year Change
419.88%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic indicator tracks the value of deposits held in commercial member banks located in Massachusetts, excluding major deposit types like checking and savings accounts.
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 'Other Deposits in Commercial Member Banks in Massachusetts' metric provides insight into the broader deposit activity and liquidity within the Massachusetts banking system. It is an important data point for economists and policymakers analyzing regional banking trends and credit conditions.
Methodology
The data is collected directly from commercial banks in Massachusetts by the U.S. Federal Reserve.
Historical Context
This metric is closely watched by regulators and market analysts to assess the financial health and lending capacity of the Massachusetts banking sector.
Key Facts
- Massachusetts has over 200 commercial banks with $500 billion in total deposits.
- Other deposits account for around 15% of total commercial bank deposits in Massachusetts.
- This metric reached a record high of $72 billion in 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Other Deposits in Commercial Member Banks in Massachusetts' indicator tracks the value of deposit types in Massachusetts banks beyond standard checking and savings accounts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the broader liquidity and credit conditions within the Massachusetts banking system, which is crucial for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks in Massachusetts by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Regulators and analysts closely monitor this metric to assess the financial health and lending capacity of the Massachusetts banking sector, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag of several weeks, so it does not provide real-time insights. The metric also only covers commercial banks and excludes other deposit-holding institutions.
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Citation
U.S. Federal Reserve, Other Deposits in Commercial Member Banks in Massachusetts (X08IOMBOMA), retrieved from FRED.