Deposits in State Commercial Member Banks in Utah
X08TDCBMBSUT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.00
Year-over-Year Change
82.86%
Date Range
1/1/1919 - 1/1/1941
Summary
This economic indicator tracks the total deposits held in state commercial member banks located in the state of Utah. It provides insight into the financial activity and liquidity of the Utah 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
The Deposits in State Commercial Member Banks in Utah measure the total dollar value of deposits held by commercial banks that are members of the Federal Reserve System and are based in the state of Utah. This metric is used by economists and policymakers to assess the financial health and lending capacity of the Utah banking system.
Methodology
The data is collected by the U.S. Federal Reserve through mandatory reporting by member banks.
Historical Context
Trends in Utah bank deposits are closely monitored by the Federal Reserve and state regulators to inform monetary and financial stability policies.
Key Facts
- Utah has over 80 state-chartered commercial banks.
- Bank deposits in Utah total over $100 billion.
- Deposit levels have grown steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total dollar value of deposits held in commercial banks that are members of the Federal Reserve System and are based in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: Trends in Utah bank deposits provide insights into the financial health and lending capacity of the state's banking sector, which is crucial information for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through mandatory reporting by member banks located in Utah.
Q: How is this trend used in economic policy?
A: Deposit levels in Utah banks are closely monitored by the Federal Reserve and state regulators to inform monetary policy and financial stability decisions.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically within a few weeks of the reporting period. There are no known major limitations to the coverage or reliability of this economic indicator.
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Citation
U.S. Federal Reserve, Deposits in State Commercial Member Banks in Utah (X08TDCBMBSUT), retrieved from FRED.