Other Deposits in All Commercial Banks in Utah
X08IOACBOUT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
155.00
Year-over-Year Change
171.93%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend measures the level of other deposits, such as time and savings deposits, held by all commercial banks in the state of Utah. It is an important indicator of banking activity and liquidity in the local economy.
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 Other Deposits in All Commercial Banks in Utah metric represents the total value of deposits at commercial banks in Utah that are not classified as demand deposits. This includes time deposits, savings deposits, and other types of non-transaction accounts. Economists and policymakers use this data to assess the financial health and lending capacity of the state's banking sector.
Methodology
The data is collected by the U.S. Federal Reserve through mandatory reporting from all FDIC-insured commercial banks.
Historical Context
This economic indicator provides insight into consumer and business savings patterns, which can inform monetary policy decisions and banking regulations.
Key Facts
- Utah has over 90 FDIC-insured commercial banks.
- Other deposits make up over 60% of total bank deposits in Utah.
- Deposit levels have grown steadily in Utah over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total value of non-transaction deposits, such as time and savings accounts, held by commercial banks in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: The level of other deposits in Utah's banking system is an important indicator of consumer and business savings, liquidity, and lending capacity in the local economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through mandatory reporting from all FDIC-insured commercial banks in Utah.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to assess banking health, consumer behavior, and the potential for lending and investment in Utah's markets.
Q: Are there update delays or limitations?
A: The data is reported on a weekly basis with a short lag, providing timely insights into Utah's banking activity.
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Citation
U.S. Federal Reserve, Other Deposits in All Commercial Banks in Utah (X08IOACBOUT), retrieved from FRED.