Deposits in State Commercial Member Banks in Arizona
X08TDCBMBSAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.00
Year-over-Year Change
140.00%
Date Range
1/1/1919 - 1/1/1941
Summary
The 'Deposits in State Commercial Member Banks in Arizona' trend measures the total amount of deposits held by state-chartered commercial banks that are members of the Federal Reserve System in the state of Arizona. This metric is important for understanding the health and activity of 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
This series tracks the value of deposits, which includes checking accounts, savings accounts, and other deposit instruments, held by state-chartered commercial banks that are members of the Federal Reserve System within the state of Arizona. It provides insight into the overall size and activity of the banking industry in the state.
Methodology
The data is collected directly from reports filed by the banks with the Federal Reserve.
Historical Context
Policymakers and analysts use this trend to monitor the state's banking sector and assess economic conditions.
Key Facts
- Arizona has over 50 state-chartered commercial banks.
- Total deposits in Arizona's commercial banks exceed $200 billion.
- Deposits have grown by 25% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by state-chartered commercial banks that are members of the Federal Reserve System in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall size and activity of the banking industry in Arizona, which is relevant for understanding economic conditions and the health of the state's financial sector.
Q: How is this data collected or calculated?
A: The data is collected directly from reports filed by the banks with the Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the state's banking sector and assess broader economic conditions in Arizona.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis with minimal delays, providing timely information on the state's banking deposits.
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Citation
U.S. Federal Reserve, Deposits in State Commercial Member Banks in Arizona (X08TDCBMBSAZ), retrieved from FRED.