Total Deposits in Commercial Member Banks in Utah
X08TDCBMBTUT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147.00
Year-over-Year Change
512.50%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend tracks the total deposits held in commercial member banks located in the state of Utah. It provides insights into the overall liquidity and financial health of Utah'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
The total deposits in commercial member banks in Utah is an important indicator of the state's economic and financial activity. It reflects the amount of funds that are available for lending and investment by local banks, which in turn supports business growth, consumer spending, and other economic drivers.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its banking surveys and regulatory filings.
Historical Context
Policymakers and analysts use this trend to assess the stability and lending capacity of Utah's banking sector.
Key Facts
- Utah has over 80 FDIC-insured commercial banks.
- Total deposits in Utah banks exceed $100 billion.
- Deposits have grown by over 30% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total dollar value of deposits held in commercial banks that are members of the Federal Reserve system and located in the state of Utah.
Q: Why is this trend relevant for users or analysts?
A: The total deposits in Utah's commercial banks is an important indicator of the overall liquidity and lending capacity of the state's banking sector, which is crucial for supporting economic growth and development.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through its regular surveys and regulatory reporting requirements for commercial banks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the financial health and lending ability of Utah's banking system, which informs decisions around monetary policy, financial regulations, and economic development initiatives.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month lag, and may not capture all commercial banks operating in Utah due to reporting thresholds.
Related Trends
All Employees: Government: Local Government Educational Services in Utah
SMU49000009093161101
Housing Inventory: Price Reduced Count Year-Over-Year in Utah
PRIREDCOUYYUT
Value of Exports to New Zealand from Utah
UTNZLA052SCEN
Average Weekly Hours of All Employees: Information in Utah
SMU49000005000000002
Coefficient for Industrial Carbon Dioxide Emissions, Natural Gas (Pipeline) for Utah
EMISSCO2CNGICBUTA
State Government Tax Collections, Total Sales and Gross Receipts Taxes in Utah
UTSLGRTAX
Citation
U.S. Federal Reserve, Total Deposits in Commercial Member Banks in Utah (X08TDCBMBTUT), retrieved from FRED.