Total Deposits in All Banks in Arizona
X08TDABAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.00
Year-over-Year Change
194.29%
Date Range
1/1/1914 - 1/1/1941
Summary
The Total Deposits in All Banks in Arizona measure the total value of deposits held by all banks operating in the state of Arizona. This metric is important for economists and policymakers to understand trends in financial activity and the health of the 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 All Banks in Arizona represents the total dollar value of checking accounts, savings accounts, money market deposits, and other types of deposits held by banks headquartered or operating in the state of Arizona. This provides insight into the overall level of banking and financial activity in the region.
Methodology
The data is collected from reports submitted by banks to the Federal Reserve.
Historical Context
Policymakers and analysts use this metric to gauge the economic conditions and financial stability in Arizona.
Key Facts
- Arizona had $391 billion in total bank deposits as of 2022.
- Deposit growth has averaged 5% annually over the past decade.
- Arizona's deposit base is concentrated in the Phoenix metropolitan area.
FAQs
Q: What does this economic trend measure?
A: The Total Deposits in All Banks in Arizona measure the total value of deposits held by banks operating in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall level of banking and financial activity in the Arizona economy, which is important for understanding economic conditions and financial stability in the state.
Q: How is this data collected or calculated?
A: The data is collected from reports submitted by banks to the Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the economic conditions and financial stability in Arizona, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a typical 1-2 month delay, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Total Deposits in All Banks in Arizona (X08TDABAZ), retrieved from FRED.