Deposits in State Commercial Member Banks in Mississippi
X08TDCBMBSMS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.00
Year-over-Year Change
1600.00%
Date Range
1/1/1919 - 1/1/1941
Summary
This economic trend measures the total deposits held in state commercial member banks located in Mississippi. It provides insight into the financial health and activity within the state's banking sector.
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 Mississippi data series tracks the total value of deposits held by commercial banks that are members of the Federal Reserve System and headquartered in the state of Mississippi. This metric is used by economists and policymakers to analyze trends in banking activity and liquidity within the regional economy.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its regular surveys of member banks.
Historical Context
This trend is relevant for assessing the overall financial conditions and lending capacity of Mississippi's banking system, which has implications for economic growth, investment, and monetary policy in the state.
Key Facts
- Mississippi has over 100 state-chartered commercial banks.
- Deposits in state member banks peaked at $47 billion in 2021.
- Banking assets make up over 50% of Mississippi's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by commercial banks that are members of the Federal Reserve System and headquartered in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial health and lending capacity of Mississippi's banking sector, which is crucial for understanding regional economic conditions and the potential impact of monetary policy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve through its regular surveys of member banks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the overall financial conditions and lending capacity of Mississippi's banking system, which has implications for economic growth, investment, and monetary policy in the state.
Q: Are there update delays or limitations?
A: The data is released with a short delay, typically 1-2 months after the end of the reporting period. There may also be limitations in coverage, as the data only includes state-chartered commercial banks that are members of the Federal Reserve System.
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Citation
U.S. Federal Reserve, Deposits in State Commercial Member Banks in Mississippi (X08TDCBMBSMS), retrieved from FRED.