Other Deposits in Commercial Member Banks in Rhode Island
X08IOMBORI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
280.00
Year-over-Year Change
865.52%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend measures the level of other deposits held in commercial member banks located in the state of Rhode Island. It is an important indicator of banking activity and liquidity in the regional economy.
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 Rhode Island' series tracks the value of deposits in Rhode Island banks that are not classified as demand, time, or savings deposits. This metric provides insight into the overall deposit composition and health of the state's banking system.
Methodology
The data is collected by the U.S. Federal Reserve through regular reporting by commercial banks.
Historical Context
This trend is closely monitored by economists, policymakers, and financial analysts to assess regional economic conditions and banking sector stability.
Key Facts
- Rhode Island has over 20 FDIC-insured commercial banks.
- Other deposits make up roughly 25% of total commercial bank deposits in Rhode Island.
- This metric has trended upward over the past decade, indicating growing liquidity in the state's banking system.
FAQs
Q: What does this economic trend measure?
A: This trend measures the level of other deposits held in commercial member banks located in the state of Rhode Island. Other deposits refer to deposits that are not classified as demand, time, or savings deposits.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall deposit composition and health of Rhode Island's banking system, which is an important indicator of regional economic conditions and liquidity.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through regular reporting from commercial banks operating in Rhode Island.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and financial analysts closely monitor this trend to assess regional banking sector stability and overall economic conditions in Rhode Island.
Q: Are there update delays or limitations?
A: The data is reported by the Federal Reserve on a regular basis, with some potential for short delays in publication.
Related Trends
Housing Inventory: Pending Listing Count Month-Over-Month in Rhode Island
PENLISCOUMMRI
Coincident Economic Activity Index for Rhode Island
RIPHCI
Average Weekly Earnings of All Employees: Education and Health Services in Rhode Island
SMU44000006500000011A
All Employees: Professional and Business Services: Employment Services in Rhode Island
SMU44000006056130001SA
All Employees: Service-Providing in Rhode Island
SMU44000000700000001
All Employees: Manufacturing: Durable Goods in Rhode Island
SMU44000003100000001
Citation
U.S. Federal Reserve, Other Deposits in Commercial Member Banks in Rhode Island (X08IOMBORI), retrieved from FRED.