Deposits in National Commercial Member Banks in Mississippi
X08TDCBMBNMS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
76.00
Year-over-Year Change
322.22%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend measures the total deposits held in national commercial member banks located in the state of Mississippi. It is a key indicator of banking and financial activity in the state.
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 Deposits in National Commercial Member Banks in Mississippi metric tracks the total value of deposits, including checking, savings, and time deposits, at FDIC-insured commercial banks with national charters that are members of the Federal Reserve System in the state of Mississippi. This data provides insights into the scale and health of Mississippi's banking sector.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this metric to assess economic conditions and trends in Mississippi's financial markets.
Key Facts
- Mississippi has over 100 FDIC-insured national commercial banks.
- Deposits in Mississippi banks exceeded $50 billion as of the latest data.
- The state's banking sector accounts for over 3% of U.S. commercial bank deposits.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total value of deposits, including checking, savings, and time deposits, held at FDIC-insured national commercial banks located in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the scale and health of Mississippi's banking sector, which is a key component of the state's overall economy.
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 metric to assess economic conditions and trends in Mississippi's financial markets.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis with minimal delays, providing timely information on the state's banking activity.
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Citation
U.S. Federal Reserve, Deposits in National Commercial Member Banks in Mississippi (X08TDCBMBNMS), retrieved from FRED.