Deposits in Insured Commercial Nonmember Banks in Massachusetts
X08TDCBNMBIMA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
140.00
Year-over-Year Change
47.37%
Date Range
1/1/1934 - 1/1/1941
Summary
This economic trend measures the total deposits held in insured commercial nonmember banks located in the state of Massachusetts. It provides insight into the banking and financial activity within the region.
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 Insured Commercial Nonmember Banks in Massachusetts metric tracks the dollar value of deposits across banks not members of the Federal Reserve System, but insured by the Federal Deposit Insurance Corporation (FDIC) and based in Massachusetts. This data point is used to analyze trends in local banking and consumer financial behavior.
Methodology
The data is collected and reported by the Federal Reserve based on FDIC insurance and regulatory reporting requirements.
Historical Context
This metric is relevant for policymakers, economists, and financial analysts seeking to understand regional economic conditions and banking activity.
Key Facts
- Massachusetts has over 100 insured commercial nonmember banks.
- Deposits in 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 metric measures the total dollar value of deposits held in commercial banks located in Massachusetts that are not members of the Federal Reserve System but are insured by the FDIC.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into the financial activity and consumer behavior within the Massachusetts banking market, which is useful for policymakers, economists, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal Reserve based on regulatory reporting requirements for FDIC-insured commercial banks.
Q: How is this trend used in economic policy?
A: Deposit levels in regional banking markets are tracked by policymakers and economists to assess economic conditions and consumer confidence, which can inform monetary and regulatory policy decisions.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis with a lag of several months, so it may not reflect the most current banking activity in Massachusetts.
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Citation
U.S. Federal Reserve, Deposits in Insured Commercial Nonmember Banks in Massachusetts (X08TDCBNMBIMA), retrieved from FRED.