Total Deposits in All Banks in Delaware
X08TDABDE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
274.00
Year-over-Year Change
640.54%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Total Deposits in All Banks in Delaware' trend measures the total value of deposits held by banks located in the state of Delaware. This metric is important for economists and policymakers to gauge the financial health and liquidity of the Delaware 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
This series represents the total dollar value of all deposits, including checking, savings, and time deposits, held by commercial banks operating in the state of Delaware. It serves as a key indicator of the overall size and activity of Delaware's banking sector.
Methodology
The data is collected by the U.S. Federal Reserve through its regular surveys of commercial banks.
Historical Context
Policymakers and analysts use this metric to monitor trends in Delaware's financial markets and the broader state economy.
Key Facts
- Delaware is home to over 40 commercial banks.
- Total bank deposits in Delaware exceeded $150 billion in 2022.
- Delaware's banking sector has grown rapidly in recent years.
FAQs
Q: What does this economic trend measure?
A: The 'Total Deposits in All Banks in Delaware' metric tracks the total value of deposits held by commercial banks located in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the overall size, activity, and financial health of Delaware's banking sector, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through its regular surveys of commercial banks operating in Delaware.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor trends in Delaware's financial markets and the broader state economy, which can inform decisions around economic development and regulation.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly basis, with a lag of several months, so it may not reflect the most current conditions in Delaware's banking sector.
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Citation
U.S. Federal Reserve, Total Deposits in All Banks in Delaware (X08TDABDE), retrieved from FRED.