Total Deposits in Commercial Banks in Mississippi
X08TDCBTMS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
224.00
Year-over-Year Change
239.39%
Date Range
1/1/1914 - 1/1/1941
Summary
The Total Deposits in Commercial Banks in Mississippi tracks the total value of deposits held by commercial banks operating in the state of Mississippi. This metric is a key indicator of banking activity and economic growth in 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
Total deposits represent the sum of all money placed into checking, savings, and other deposit accounts at commercial banks located in Mississippi. This statistic provides insight into the liquidity and financial health of the state's banking sector and can signal broader economic trends.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its regular surveys of commercial banking institutions.
Historical Context
Policymakers and analysts use this metric to monitor the flow of capital and credit within Mississippi's economy.
Key Facts
- Mississippi has over 100 FDIC-insured commercial banks.
- Total deposits reached a record high of $90 billion in 2021.
- Commercial banking is a major industry in Mississippi, employing over 20,000 people.
FAQs
Q: What does this economic trend measure?
A: The Total Deposits in Commercial Banks in Mississippi metric tracks the total value of deposits held by commercial banks operating in the state of Mississippi.
Q: Why is this trend relevant for users or analysts?
A: This statistic provides insight into the liquidity and financial health of Mississippi's banking sector, which is a key driver of economic activity in the state.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve through its regular surveys of commercial banking institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor the flow of capital and credit within Mississippi's economy, which informs decisions around monetary policy and economic development.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis with minimal delays, providing timely insights into the state's banking and economic conditions.
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Citation
U.S. Federal Reserve, Total Deposits in Commercial Banks in Mississippi (X08TDCBTMS), retrieved from FRED.