Total Deposits in Commercial Nonmember Banks in Ohio
X08TDCBNMBTOH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
346.00
Year-over-Year Change
-28.66%
Date Range
1/1/1914 - 1/1/1941
Summary
The Total Deposits in Commercial Nonmember Banks in Ohio metric tracks the total value of deposits held by commercial banks in Ohio that are not members of the Federal Reserve System. This statistic provides insights into the financial health and activity 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 economic indicator represents the total amount of money deposited in commercial banks located in Ohio that are not part of the Federal Reserve System. It is used by economists and policymakers to monitor the overall deposit base and liquidity of the state's non-member banking institutions.
Methodology
The data is collected and aggregated by the U.S. Federal Reserve from regulatory filings and surveys of commercial banks.
Historical Context
Trends in total deposits are closely watched as a barometer of consumer and business confidence, as well as the availability of credit in regional markets.
Key Facts
- Ohio has over 130 commercial banks that are not members of the Federal Reserve.
- Total deposits in Ohio's non-member banks exceeded $120 billion as of the latest data.
- Deposit growth is a key metric used to assess the lending capacity of regional banks.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total 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: Trends in total deposits provide insights into the overall financial health and lending capacity of the regional banking sector in Ohio.
Q: How is this data collected or calculated?
A: The data is collected and aggregated by the U.S. Federal Reserve from regulatory filings and surveys of commercial banks.
Q: How is this trend used in economic policy?
A: Deposit growth in regional banks is closely monitored by economists and policymakers as an indicator of consumer and business confidence, as well as the availability of credit in local markets.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Total Deposits in Commercial Nonmember Banks in Ohio (X08TDCBNMBTOH), retrieved from FRED.