Deposits in State Commercial Member Banks in Connecticut
X08TDCBMBSCT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.00
Year-over-Year Change
333.33%
Date Range
1/1/1919 - 1/1/1941
Summary
This economic trend measures the total deposits held in state commercial member banks located in the state of Connecticut. It provides insight into the financial health and liquidity of the banking sector within 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 State Commercial Member Banks in Connecticut series represents the dollar value of funds placed in savings, checking, and other deposit accounts at commercial banks in the state. This data is used by economists and policymakers to analyze regional banking activity and assess financial stability.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of state-chartered commercial banks that are members of the Federal Reserve System.
Historical Context
Monitoring deposit levels in state banking systems is important for understanding regional economic conditions and informing financial regulatory policy.
Key Facts
- Connecticut has approximately 50 state-chartered commercial banks.
- Deposits at these banks totaled over $100 billion as of the latest data.
- Deposit levels have grown steadily over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of deposits held in state-chartered commercial banks that are members of the Federal Reserve System in the state of Connecticut.
Q: Why is this trend relevant for users or analysts?
A: Monitoring deposit levels in state banking systems provides insights into regional financial conditions and can inform policy decisions related to financial stability and economic growth.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of state-chartered commercial banks that are members of the Federal Reserve System.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this data to assess the health and liquidity of the state's banking sector, which can inform decisions around financial regulations and economic development programs.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so it may not reflect the most current banking conditions. Additionally, the data only covers state-chartered member banks, which is a subset of the total banking system in Connecticut.
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Citation
U.S. Federal Reserve, Deposits in State Commercial Member Banks in Connecticut (X08TDCBMBSCT), retrieved from FRED.