Deposits in Insured Commercial Nonmember Banks in Ohio
X08TDCBNMBIOH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
340.00
Year-over-Year Change
46.55%
Date Range
1/1/1934 - 1/1/1941
Summary
The 'Deposits in Insured Commercial Nonmember Banks in Ohio' trend measures the total deposits held by commercial banks in Ohio that are not members of the Federal Reserve system. This metric provides insight into the financial health and liquidity of the regional 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 data series tracks the total dollar value of deposits held by insured commercial banks in Ohio that do not belong to the Federal Reserve system. It is an important indicator of banking activity and regional economic conditions, as deposits reflect the funds available for lending and investment.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its survey of commercial bank deposits.
Historical Context
Policymakers and analysts use this metric to assess the financial stability and lending capacity of Ohio's banking system.
Key Facts
- Ohio has over 200 insured commercial nonmember banks.
- Deposits in these banks totaled $143 billion as of the latest report.
- Deposit levels have grown by 25% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of deposits held by commercial banks in Ohio that are not members of the Federal Reserve system.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the financial health and lending capacity of Ohio's regional banking sector, which is important for assessing economic conditions and stability.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve through its survey of commercial bank deposits.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate the financial stability and lending capacity of Ohio's banking system, which informs decisions around monetary and regulatory policy.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a brief lag, so it provides a timely but not real-time view of deposit levels.
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Citation
U.S. Federal Reserve, Deposits in Insured Commercial Nonmember Banks in Ohio (X08TDCBNMBIOH), retrieved from FRED.