Total Deposits in All Banks in North Carolina
X08TDABNC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
593.00
Year-over-Year Change
459.43%
Date Range
1/1/1914 - 1/1/1941
Summary
The Total Deposits in All Banks in North Carolina is a key indicator of banking activity and economic health in the state. It measures the total dollar value of deposits held by all commercial banks operating in North Carolina.
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 economic trend provides insights into the overall size and growth of the banking sector in North Carolina. It is widely used by economists, policymakers, and analysts to assess the state's financial landscape and economic performance.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its surveys of commercial banks.
Historical Context
Total deposits in North Carolina banks are an important barometer of consumer and business confidence, as well as lending activity in the state.
Key Facts
- North Carolina has over 100 commercial banks operating in the state.
- Total deposits reached a record high of $520 billion in 2021.
- The banking sector accounts for over 6% of North Carolina's GDP.
FAQs
Q: What does this economic trend measure?
A: The Total Deposits in All Banks in North Carolina measures the total dollar value of deposits held by commercial banks operating in the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the overall size and health of North Carolina's banking sector, which is a key driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve through its surveys of commercial banks operating in North Carolina.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess consumer and business confidence, as well as lending activity, in North Carolina's economy.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of a few months, and may not capture all small or regional banks in the state.
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Citation
U.S. Federal Reserve, Total Deposits in All Banks in North Carolina (X08TDABNC), retrieved from FRED.