Total Deposits in Commercial Member Banks in Louisiana
X08TDCBMBTLA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
487.00
Year-over-Year Change
1006.82%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Total Deposits in Commercial Member Banks in Louisiana' metric tracks the total amount of deposits held by commercial member banks in the state of Louisiana. This data point is a key indicator of the health and activity of the local 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
This series measures the total value of deposits, including checking, savings, and time deposits, held by commercial banks that are members of the Federal Reserve System in the state of Louisiana. It provides insight into the overall size and activity of the Louisiana banking industry.
Methodology
The data is collected by the U.S. Federal Reserve through its regular reporting requirements for member banks.
Historical Context
This metric is used by economists, policymakers, and financial analysts to assess the economic conditions and trends within the Louisiana banking and financial services market.
Key Facts
- Louisiana has over 100 commercial banks that are members of the Federal Reserve System.
- Total deposits in Louisiana commercial banks peaked at $145 billion in 2020.
- The Louisiana banking industry employs over 25,000 people statewide.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of deposits, including checking, savings, and time deposits, held by commercial banks that are members of the Federal Reserve System in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the overall size and activity of the Louisiana banking industry, which is a key indicator of economic conditions and trends within the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through its regular reporting requirements for member banks.
Q: How is this trend used in economic policy?
A: This metric is used by economists, policymakers, and financial analysts to assess the economic conditions and trends within the Louisiana banking and financial services market.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with minimal delays, providing timely insights into the Louisiana banking industry.
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Citation
U.S. Federal Reserve, Total Deposits in Commercial Member Banks in Louisiana (X08TDCBMBTLA), retrieved from FRED.