Total Deposits in All Banks in Idaho
X08TDABID • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113.00
Year-over-Year Change
197.37%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Total Deposits in All Banks in Idaho' trend measures the total value of deposits held by banks operating in the state of Idaho. This metric is closely watched by economists and policymakers as an indicator of economic activity and financial health.
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 tracks the total amount of money deposited in banks located in Idaho, including checking, savings, and time deposits. It provides insight into the level of economic activity, consumer confidence, and financial system stability within the state.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its quarterly survey of deposits at all FDIC-insured institutions.
Historical Context
Policymakers and analysts use this trend to assess the strength of Idaho's banking sector and broader economic conditions.
Key Facts
- Idaho has over 150 FDIC-insured banks and credit unions.
- Total deposits in Idaho banks exceeded $60 billion as of the latest quarter.
- Deposit growth in Idaho has outpaced the national average in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'Total Deposits in All Banks in Idaho' series tracks the total value of deposits held by banks operating within the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall level of economic activity, consumer confidence, and financial system stability within Idaho.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve through its quarterly survey of deposits at all FDIC-insured institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the strength of Idaho's banking sector and broader economic conditions within the state.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with a typical 1-2 month lag from the end of the reporting period.
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Citation
U.S. Federal Reserve, Total Deposits in All Banks in Idaho (X08TDABID), retrieved from FRED.