Total Deposits in All Banks in Massachusetts
X08TDABMA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,543.00
Year-over-Year Change
170.26%
Date Range
1/1/1914 - 1/1/1941
Summary
The Total Deposits in All Banks in Massachusetts trend measures the aggregate value of deposits held at banks located in the state of Massachusetts. This metric is closely monitored by economists and policymakers to gauge the overall health of the regional banking sector and consumer savings.
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 Massachusetts indicator tracks the total dollar value of checking accounts, savings accounts, and other deposit products held at commercial banks, savings banks, and credit unions based in the state. It provides insight into the liquidity and lending capacity of the Massachusetts banking system.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its Consolidated Reports of Condition and Income (Call Reports).
Historical Context
Policymakers use this trend to assess the flow of funds within the regional economy and make informed decisions about monetary policy and financial regulations.
Key Facts
- Massachusetts has over 150 FDIC-insured banks and credit unions.
- Deposits at Massachusetts banks totaled $555 billion as of Q4 2022.
- Deposit growth has averaged 5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Total Deposits in All Banks in Massachusetts trend measures the aggregate value of deposits held at banks located in the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the liquidity and lending capacity of the Massachusetts banking system, which is crucial for understanding regional economic conditions and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve through its Consolidated Reports of Condition and Income (Call Reports).
Q: How is this trend used in economic policy?
A: Policymakers use this trend to assess the flow of funds within the regional economy and make informed decisions about monetary policy and financial regulations.
Q: Are there update delays or limitations?
A: The data is reported quarterly with a brief delay, typically 1-2 months after the end of each quarter.
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Citation
U.S. Federal Reserve, Total Deposits in All Banks in Massachusetts (X08TDABMA), retrieved from FRED.