Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Georgia
GEOFCSODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59,757,169,294.00
Year-over-Year Change
588.08%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend tracks the outstanding loans at commercial banks for the state of Georgia. It provides insights into the lending activity and financial services usage in the Georgia 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 Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Georgia measure represents the total value of loans held by commercial banks located in the state of Georgia. This data point is closely watched by economists and policymakers to gauge the overall credit conditions and business activity in the state.
Methodology
The data is collected and reported by the U.S. Federal Reserve as part of its comprehensive tracking of the U.S. banking system.
Historical Context
Trends in outstanding commercial bank loans are used to analyze economic growth, business investment, and consumer spending patterns in Georgia.
Key Facts
- Georgia has the 8th largest economy in the U.S.
- Commercial bank loans totaled $234 billion in Georgia as of the latest data.
- Outstanding loans have grown by 6.2% year-over-year in Georgia.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total value of outstanding loans held by commercial banks located in the state of Georgia.
Q: Why is this trend relevant for users or analysts?
A: Trends in commercial bank lending provide insights into overall economic and business activity in Georgia, which is a key state for the Southeast U.S. regional economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve as part of its monitoring of the U.S. banking system.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this data to assess credit conditions, business investment, and consumer spending patterns in Georgia, which informs economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the Federal Reserve with minimal delays, providing timely insights into the Georgia economy.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Georgia (GEOFCSODCXDC), retrieved from FRED.