Total Deposits in Commercial Member Banks in Indiana
X08TDCBMBTIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
758.00
Year-over-Year Change
345.88%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Total Deposits in Commercial Member Banks in Indiana' metric tracks the aggregate deposits held by commercial banks in the state of Indiana. This data provides insights into the financial health and liquidity of Indiana's banking system.
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 represents the total dollar amount of deposits held by commercial banks that are members of the Federal Reserve System in the state of Indiana. The data is used by economists and policymakers to analyze trends in banking activity, consumer savings, and regional economic conditions.
Methodology
The Federal Reserve collects this data directly from commercial banks in Indiana on a periodic basis.
Historical Context
Tracking Indiana's total bank deposits is relevant for understanding the broader financial environment and economic performance of the state.
Key Facts
- Indiana has over 150 commercial banks as of 2022.
- Total bank deposits in Indiana exceed $200 billion.
- Indiana's bank deposits have grown by 30% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar amount of deposits held by commercial banks that are members of the Federal Reserve System in the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: Monitoring Indiana's total bank deposits provides insights into the financial health and liquidity of the state's banking system, which is important for understanding regional economic conditions.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data directly from commercial banks in Indiana on a periodic basis.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze trends in banking activity, consumer savings, and regional economic performance in Indiana.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 1-2 months after the reporting period, and may be subject to periodic revisions by the Federal Reserve.
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Citation
U.S. Federal Reserve, Total Deposits in Commercial Member Banks in Indiana (X08TDCBMBTIN), retrieved from FRED.