Other Deposits in All Commercial Banks in Arizona
X08IOACBOAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
101.00
Year-over-Year Change
215.63%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend measures the total amount of other deposits held by all commercial banks in the state of Arizona. It provides insight into the banking and financial activities within the local 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
Other deposits include a variety of non-demand deposit accounts, such as savings, time, and money market deposits. This data series is a useful indicator of liquidity, banking activity, and economic conditions in Arizona.
Methodology
The Federal Reserve collects this data directly from commercial banks operating in Arizona.
Historical Context
Policymakers and analysts use this metric to assess the financial health and liquidity of the Arizona banking sector.
Key Facts
- Arizona has over 100 commercial banks.
- Other deposits in Arizona banks totaled $300 billion in 2022.
- This metric has grown by 5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total amount of non-demand deposits, such as savings and time deposits, held by all commercial banks operating in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the banking activity and liquidity conditions within the Arizona economy, which is valuable for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data directly from commercial banks in Arizona.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this metric to assess the financial health and lending capacity of the Arizona banking sector, which informs decisions around monetary policy and financial stability.
Q: Are there update delays or limitations?
A: This data is released by the Federal Reserve with a lag of approximately 2 months.
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Citation
U.S. Federal Reserve, Other Deposits in All Commercial Banks in Arizona (X08IOACBOAZ), retrieved from FRED.