Deposits in State Commercial Member Banks in Pennsylvania
X08TDCBMBSPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,469.00
Year-over-Year Change
299.18%
Date Range
1/1/1919 - 1/1/1941
Summary
The 'Deposits in State Commercial Member Banks in Pennsylvania' trend measures the total value of deposits held by state-chartered commercial banks in the state of Pennsylvania. This metric is important for analyzing the financial health and deposit-taking capacity of Pennsylvania's 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 data series tracks the aggregate amount of deposits, which include checking, savings, and time deposits, held by state-chartered commercial banks that are members of the Federal Reserve System in Pennsylvania. It provides insight into the liquidity and funding sources of the state's banking industry.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its regular surveys of member banks.
Historical Context
Policymakers and market analysts use this trend to assess the deposit-taking activity and funding dynamics of Pennsylvania's banking system.
Key Facts
- Pennsylvania has over 100 state-chartered commercial banks.
- Deposits at these banks total over $300 billion.
- The trend has shown steady growth in recent 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 Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the funding and liquidity of Pennsylvania's banking sector, which is important for assessing the financial health and deposit-taking capacity of the state's financial institutions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve through its regular surveys of member banks.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to monitor the deposit-taking activity and funding dynamics of Pennsylvania's banking system, which is relevant for financial stability and economic growth in the state.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Federal Reserve with minimal delays, providing timely insight into the deposit-taking activity of Pennsylvania's state-chartered commercial banks.
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Citation
U.S. Federal Reserve, Deposits in State Commercial Member Banks in Pennsylvania (X08TDCBMBSPA), retrieved from FRED.