Total Deposits in Commercial Member Banks in Arizona
X08TDCBMBTAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
84.00
Year-over-Year Change
546.15%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic indicator tracks the total deposits held in commercial member banks located in the state of Arizona. It serves as a key measure of banking activity and the overall liquidity within the Arizona economy.
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 total deposits in commercial member banks in Arizona represents the sum of all checking, savings, and time deposits at banks with memberships in the Federal Reserve System and located in the state. This metric provides insights into the availability of capital and the financial health of businesses and households within the Arizona market.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its regular surveys of commercial banking institutions.
Historical Context
Policymakers and analysts use this trend to monitor lending, spending, and investment patterns in the Arizona economy.
Key Facts
- Arizona has over 250 commercial banks with a total of $300 billion in deposits.
- Deposits have grown by 25% in Arizona over the past 5 years.
- The state's deposit-to-GDP ratio is higher than the national average.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of deposits, including checking, savings, and time deposits, held at commercial banks that are members of the Federal Reserve System and located in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: The total deposits in Arizona's commercial banks provides insights into the overall liquidity and financial health of the state's economy. It is used by policymakers, economists, and investors to monitor lending, spending, and investment patterns.
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 commercial banking institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the availability of capital and overall financial conditions within the Arizona economy, which can inform decisions around monetary policy, lending regulations, and economic development initiatives.
Q: Are there update delays or limitations?
A: The total deposits data is reported on a monthly basis with a typical 2-month lag between the reference period and public release.
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Citation
U.S. Federal Reserve, Total Deposits in Commercial Member Banks in Arizona (X08TDCBMBTAZ), retrieved from FRED.