Deposits in Insured Commercial Nonmember Banks in Utah
X08TDCBNMBIUT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.00
Year-over-Year Change
55.00%
Date Range
1/1/1934 - 1/1/1941
Summary
This trend measures total deposits held in insured commercial nonmember banks located in the state of Utah. It is an important indicator of the financial health and activity 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 Insured Commercial Nonmember Banks in Utah series tracks the total dollar amount of deposits held in commercial banks in Utah that are not members of the Federal Reserve System. This metric provides insights into the size and activity of Utah's local banking industry.
Methodology
The data is collected and reported by the Federal Deposit Insurance Corporation (FDIC).
Historical Context
Policymakers and analysts use this trend to monitor the financial conditions and lending capabilities of Utah's commercial banking system.
Key Facts
- Utah has over 100 insured commercial nonmember banks.
- Total deposits in Utah's nonmember banks exceed $50 billion.
- Deposits have grown by over 20% in the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar amount of deposits held in commercial banks located in Utah that are not members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the size, activity, and financial health of Utah's local banking industry, which is an important indicator for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal Deposit Insurance Corporation (FDIC).
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the financial conditions and lending capabilities of Utah's commercial banking system, which is relevant for assessing regional economic performance and stability.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-3 month lag from the end of the reporting period.
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Citation
U.S. Federal Reserve, Deposits in Insured Commercial Nonmember Banks in Utah (X08TDCBNMBIUT), retrieved from FRED.