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How do you interpret FDIC deposits data?

Abbreviated Question: 
How do you interpret FDIC deposits data?
Answer: 

Information on changes in deposits at commercial banks can be useful in gaining a better understanding of a local economy. However, determining whether an increase in deposits is positive, negative, or neutral can be difficult if the reason for the increase is not known. An increase in deposits, for example, might reflect an increase in cash flow from a local customer base.

Thomas Hoenig

Feature Story
Year Graduated: 
1974

 

Hometown: Fort Madison, IA

Current employment/job title: FDIC, Vice Chairman

For all the criticism and headlines and speeches and votes that go along with being a longtime leader of the Federal Reserve Bank – and now the vice chairman of the Federal Deposit Insurance Corporation, better known as the FDIC, in Washington, D.C. – Thomas Hoenig is a humble Iowa boy at heart.