Total Deposits in All Banks in Colorado
X08TDABCO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
370.00
Year-over-Year Change
151.70%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Total Deposits in All Banks in Colorado' economic trend measures the total value of deposits held by all commercial banks operating in the state of Colorado. This metric is a key indicator of banking and financial activity within the state.
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
This series represents the total dollar value of deposits, including checking, savings, and time deposits, across all FDIC-insured commercial banks headquartered or with branches located in Colorado. It provides insight into the overall size and health of Colorado's banking sector and consumer savings patterns.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its Demand Deposit Ownership Survey.
Historical Context
Policymakers and economists use this metric to analyze regional banking conditions and consumer financial behavior.
Key Facts
- Colorado has over 150 FDIC-insured commercial banks.
- Total bank deposits in Colorado exceeded $250 billion as of the latest reporting period.
- Deposits have grown by an average of 5% annually over the past decade in Colorado.
FAQs
Q: What does this economic trend measure?
A: The 'Total Deposits in All Banks in Colorado' series measures the aggregate dollar value of deposits held by commercial banks operating in the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall size and health of Colorado's banking sector, consumer savings patterns, and regional economic activity.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve through its Demand Deposit Ownership Survey.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze regional banking conditions and consumer financial behavior in Colorado.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with a lag of approximately 2-3 months between the end of the reporting period and public release.
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Citation
U.S. Federal Reserve, Total Deposits in All Banks in Colorado (X08TDABCO), retrieved from FRED.