Total Deposits in Commercial Banks in Pennsylvania
X08TDCBTPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,633.00
Year-over-Year Change
209.85%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend measures the total deposits held in commercial banks located in the state of Pennsylvania. It is an important indicator of the financial health and activity within Pennsylvania's 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 total deposits in commercial banks in Pennsylvania represents the sum of all checking, savings, and time deposits held by individuals, businesses, and other entities at banks operating in the state. This metric provides insight into the liquidity, lending capacity, and overall economic conditions of Pennsylvania's banking system.
Methodology
The data is collected and reported by the U.S. Federal Reserve as part of its regular surveys of commercial banks.
Historical Context
Policymakers and analysts use this trend to assess the flow of funds, lending activity, and broader economic conditions within Pennsylvania.
Key Facts
- Pennsylvania has over 120 FDIC-insured commercial banks.
- Commercial bank deposits in Pennsylvania total over $500 billion.
- Deposits have grown by 30% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held in commercial banks located in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: The total deposits in Pennsylvania's commercial banks provides insight into the liquidity, lending capacity, and overall health of the state's banking sector, which is crucial for understanding economic conditions and activity.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through regular surveys and reporting from commercial banks operating in Pennsylvania.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to assess financial conditions, lending activity, and broader economic performance within the state of Pennsylvania.
Q: Are there update delays or limitations?
A: The data is released by the Federal Reserve on a regular schedule, typically with a lag of 1-2 months from the end of the reporting period.
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Citation
U.S. Federal Reserve, Total Deposits in Commercial Banks in Pennsylvania (X08TDCBTPA), retrieved from FRED.