Total Deposits in Commercial Member Banks in Mississippi
X08TDCBMBTMS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.00
Year-over-Year Change
416.67%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend measures the total deposits held in commercial member banks located in the state of Mississippi. It provides insights into the financial health and liquidity of 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 Total Deposits in Commercial Member Banks in Mississippi series tracks the aggregate value of all deposits, including checking, savings, and time deposits, held by commercial banks that are members of the Federal Reserve System in the state of Mississippi. This data is used by economists and policymakers to analyze trends in banking activity and regional economic conditions.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its regular surveys of commercial banks.
Historical Context
This trend is relevant for understanding the lending capacity and financial stability of Mississippi's banking system, which is important for supporting economic growth and development in the state.
Key Facts
- Mississippi has approximately 100 commercial member banks.
- Total deposits in Mississippi's commercial banks exceeded $100 billion in 2022.
- Deposit growth has averaged 3% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend 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 Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the financial health and liquidity of Mississippi's banking sector, which is important for supporting economic growth and development in the state.
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 commercial banks.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze trends in banking activity and regional economic conditions in Mississippi, which can inform decisions about monetary policy, financial regulation, and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Federal Reserve, but there may be a short delay between the reporting period and the public release of the data.
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Citation
U.S. Federal Reserve, Total Deposits in Commercial Member Banks in Mississippi (X08TDCBMBTMS), retrieved from FRED.