Deposits in National Commercial Member Banks in Arizona
X08TDCBMBNAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72.00
Year-over-Year Change
453.85%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Deposits in National Commercial Member Banks in Arizona' trend measures the total dollar value of deposits held by national commercial banks in the state of Arizona. This metric is closely watched by economists and policymakers as an indicator of economic activity and financial system 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 dollar amount of checking accounts, savings accounts, and other deposit liabilities at national commercial banks located in Arizona. Deposit levels reflect the amount of money available for lending and investment, and can signal changes in consumer and business confidence.
Methodology
The data is collected directly from reports submitted by national commercial banks to the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this metric to assess the strength of Arizona's banking sector and broader economic conditions.
Key Facts
- Arizona has over 50 national commercial banks.
- Total deposits peaked at $300 billion in 2021.
- Deposit levels have grown by 25% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of deposits held by national commercial banks located in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: Deposit levels at banks are a key indicator of economic activity and financial system health, as they reflect the amount of money available for lending and investment.
Q: How is this data collected or calculated?
A: The data is collected directly from reports submitted by national commercial banks to the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength of Arizona's banking sector and broader economic conditions in the state.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month delay.
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Citation
U.S. Federal Reserve, Deposits in National Commercial Member Banks in Arizona (X08TDCBMBNAZ), retrieved from FRED.