Total Deposits in Commercial Member Banks in Colorado
X08TDCBMBTCO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
344.00
Year-over-Year Change
233.98%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Total Deposits in Commercial Member Banks in Colorado' trend measures the total amount of deposits held by commercial banks in the state of Colorado. This metric is closely watched by economists and policymakers as it provides insights into the overall health and liquidity of the state's banking system.
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 value of deposits held by commercial banks that are members of the Federal Reserve System in Colorado. It serves as an important indicator of economic activity, consumer confidence, and the availability of credit within the state.
Methodology
The Federal Reserve collects this data directly from commercial banks through its regular reporting process.
Historical Context
Policymakers and analysts use this trend to evaluate the financial conditions and lending capacity of Colorado's banking sector.
Key Facts
- Colorado has over 120 FDIC-insured commercial banks.
- Bank deposits in Colorado totaled $179 billion as of the latest data.
- Deposit growth has averaged 5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Total Deposits in Commercial Member Banks in Colorado' trend measures the total dollar value of deposits held by commercial banks that are members of the Federal Reserve System in the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the overall health and liquidity of Colorado's banking sector, which is crucial for evaluating economic conditions, consumer confidence, and the availability of credit within the state.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data directly from commercial banks through its regular reporting process.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the financial conditions and lending capacity of Colorado's banking system, which informs decisions around monetary policy, credit availability, and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 1-2 months after the end of the reporting period. There are no known significant limitations to the coverage or accuracy of this series.
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Citation
U.S. Federal Reserve, Total Deposits in Commercial Member Banks in Colorado (X08TDCBMBTCO), retrieved from FRED.