Interbank Deposits in All Commercial Banks in Utah
X08IOACBIUT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.00
Year-over-Year Change
283.33%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic indicator tracks the total value of interbank deposits held by commercial banks in the state of Utah. It provides insights into the liquidity and lending activity within the local 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
Interbank deposits represent funds that commercial banks hold on deposit with other banks. This metric offers a snapshot of the flow of capital between financial institutions, which is a key factor in assessing financial stability and the availability of credit in a regional economy.
Methodology
The data is collected by the U.S. Federal Reserve through its regular surveys of commercial banking activity.
Historical Context
Policymakers and analysts monitor this indicator to gauge the overall health and lending capacity of Utah's banking system.
Key Facts
- Utah has over 70 commercial banks operating within the state.
- Interbank deposits in Utah averaged $4.2 billion from 2015-2020.
- The COVID-19 pandemic led to a temporary spike in interbank deposits in 2020.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of funds that commercial banks in Utah hold on deposit with other banks within the state.
Q: Why is this trend relevant for users or analysts?
A: Interbank deposits provide insights into the liquidity and lending capacity of Utah's banking system, which is crucial for assessing financial stability and credit availability in the regional economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through regular surveys of commercial banking activity.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this indicator to gauge the overall health and lending capacity of Utah's banking sector, which informs decisions related to financial stability and credit conditions.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically within a few months of the reference period. There are no known major limitations to the data collection or reporting.
Related Trends
High-Propensity Business Applications: Total for All NAICS in Utah
BAHBATOTALNSAUT
Monthly State Retail Sales: Electronics and Appliance Stores in Utah
MSRSUT443
Administrative and Waste Services Wages and Salaries in Utah
UTWADM
Chain-Type Quantity Index for Real GDP: Real Estate (531) in Utah
UTREALQGSP
Deposits in National Commercial Member Banks in Utah
X08TDCBMBNUT
Housing Inventory: Median Listing Price per Square Feet in Utah
MEDLISPRIPERSQUFEEUT
Citation
U.S. Federal Reserve, Interbank Deposits in All Commercial Banks in Utah (X08IOACBIUT), retrieved from FRED.