Total Deposits in All Banks in Louisiana
X08TDABLA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
603.00
Year-over-Year Change
330.71%
Date Range
1/1/1914 - 1/1/1941
Summary
The Total Deposits in All Banks in Louisiana metric tracks the total value of deposits held by banks operating in the state of Louisiana. This measure provides insight into the overall liquidity and financial health of the Louisiana 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 economic indicator represents the total value of checking accounts, savings accounts, money market deposits, and other types of deposits held by banks domiciled in Louisiana. It is an important measure of the size and liquidity of the state's banking sector, which supports economic activity and growth.
Methodology
The Federal Reserve collects data on total bank deposits from individual depository institutions in Louisiana on a quarterly basis.
Historical Context
Economists and policymakers monitor this trend to assess the financing and lending capacity of Louisiana's banks, which is crucial for supporting local businesses and households.
Key Facts
- Louisiana has over 100 FDIC-insured depository institutions.
- Bank deposits in Louisiana totaled over $300 billion as of 2022.
- The state's banking sector accounts for 2% of total U.S. bank deposits.
FAQs
Q: What does this economic trend measure?
A: The Total Deposits in All Banks in Louisiana metric tracks the total value of deposits held by banks operating in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This measure provides insight into the overall liquidity and financial health of the Louisiana banking system, which is crucial for supporting economic activity and growth in the state.
Q: How is this data collected or calculated?
A: The Federal Reserve collects data on total bank deposits from individual depository institutions in Louisiana on a quarterly basis.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the financing and lending capacity of Louisiana's banks, which is crucial for supporting local businesses and households.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, so there may be a delay of several months before the most recent figures are available.
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Citation
U.S. Federal Reserve, Total Deposits in All Banks in Louisiana (X08TDABLA), retrieved from FRED.