Total Deposits in All Banks in Montana
X08TDABMT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
157.00
Year-over-Year Change
74.44%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Total Deposits in All Banks in Montana' series measures the total value of deposits held by all commercial banks located in the state of Montana. This metric provides insights into the level of economic activity and liquidity in the state's 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 deposits across all commercial banks operating within the state of Montana. It is an important indicator of the overall health and size of the state's banking industry, which plays a vital role in supporting economic growth and development.
Methodology
The data is collected and reported by the U.S. Federal Reserve as part of its regular surveys of the nation's banking institutions.
Historical Context
Policymakers and analysts use this metric to gauge the level of economic activity and financial stability within Montana's regional economy.
Key Facts
- Montana has over 70 commercial banks.
- Total deposits in Montana banks exceeded $50 billion in 2022.
- Deposit growth has averaged 5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of deposits held by all commercial banks located in the state of Montana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the overall health and size of Montana's banking industry, which is a key driver of economic activity and growth in the state.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve through its regular surveys of the nation's banking institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the level of economic activity and financial stability within Montana's regional economy.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Federal Reserve, with typical update lags of 1-2 months.
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Citation
U.S. Federal Reserve, Total Deposits in All Banks in Montana (X08TDABMT), retrieved from FRED.