Deposits in Insured Commercial Nonmember Banks in Virginia
X08TDCBNMBIVA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
155.00
Year-over-Year Change
78.16%
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 Virginia. It provides insight into the overall liquidity and financial health 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
The Deposits in Insured Commercial Nonmember Banks in Virginia metric tracks the value of deposits, including checking, savings, and time deposits, held by commercial banks in Virginia that are not members of the Federal Reserve System. This data point is used by economists and policymakers to analyze regional banking activity and assess the financial stability of the state's economy.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its survey of commercial bank balance sheets.
Historical Context
This metric is relevant for understanding the lending capacity and credit conditions in Virginia's regional markets.
Key Facts
- Virginia has over 130 insured commercial nonmember banks.
- Deposits in these banks totaled over $100 billion as of the latest data.
- The metric has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total value of deposits, including checking, savings, and time deposits, held by commercial banks located in the state of Virginia that are not members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into the overall liquidity and financial health of Virginia's regional banking sector, which is important for understanding lending capacity and credit conditions in the state's markets.
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 balance sheets.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze regional banking activity and assess the financial stability of Virginia's economy.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Federal Reserve with minimal delays, providing timely insights into Virginia's banking sector.
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Citation
U.S. Federal Reserve, Deposits in Insured Commercial Nonmember Banks in Virginia (X08TDCBNMBIVA), retrieved from FRED.