Total Deposits in Commercial Nonmember Banks in Rhode Island
X08TDCBNMBTRI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72.00
Year-over-Year Change
-39.50%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic indicator tracks the total deposits held in commercial nonmember banks located in the state of Rhode Island. It provides insights into the banking activity and financial health of this key segment of the state's financial system.
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 Nonmember Banks in Rhode Island measure represents the sum of all deposits, including demand, time, and savings deposits, held by commercial banks in Rhode Island that are not members of the Federal Reserve System. This metric offers a window into the overall banking environment and economic conditions within the state.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its banking surveys and regulatory reporting processes.
Historical Context
Economists and policymakers use this trend to assess the liquidity, lending capacity, and financial stability of Rhode Island's regional banking sector.
Key Facts
- Commercial nonmember banks hold a significant portion of Rhode Island's total banking assets.
- Deposit levels in this sector are a key indicator of consumer and business confidence in the state's financial system.
- Trends in this metric can signal changes in lending, investment, and economic activity within Rhode Island.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total dollar value of deposits held by commercial banks in Rhode Island that are not members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: Monitoring deposit levels in this segment of the banking industry provides insights into the overall financial health and liquidity of Rhode Island's regional economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve through its banking surveys and regulatory reporting processes.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the lending capacity, financial stability, and economic conditions within Rhode Island's banking sector.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the Federal Reserve, but may be subject to revisions and can have a lag period between the reporting date and public release.
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Citation
U.S. Federal Reserve, Total Deposits in Commercial Nonmember Banks in Rhode Island (X08TDCBNMBTRI), retrieved from FRED.