Total Deposits in All Banks in Pennsylvania
X08TDABPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,254.00
Year-over-Year Change
207.32%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Total Deposits in All Banks in Pennsylvania' metric measures the total value of deposits held by banks operating within the state of Pennsylvania. This metric is closely watched by economists and policymakers as an indicator of the overall health and activity of the state's banking sector.
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 Pennsylvania banks represents the total value of money that individuals, businesses, and other entities have placed with banks located in the state. This metric provides insight into the scale and liquidity of the Pennsylvania banking system and can signal broader economic trends and conditions within the state.
Methodology
The data is collected by the U.S. Federal Reserve through regular surveys of banks and financial institutions.
Historical Context
Policymakers and analysts use this metric to assess the lending capacity of Pennsylvania banks and evaluate the flow of capital within the state's economy.
Key Facts
- Pennsylvania has over 100 FDIC-insured banks.
- Total bank deposits in Pennsylvania exceed $500 billion.
- The state's deposit base has grown by over 30% in the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Total Deposits in All Banks in Pennsylvania' metric measures the total value of deposits held by banks operating within the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and liquidity of the Pennsylvania banking system, signaling broader economic trends and conditions within the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through regular surveys of banks and financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the lending capacity of Pennsylvania banks and evaluate the flow of capital within the state's economy.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, but may be subject to revision and update delays of several weeks or months.
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Citation
U.S. Federal Reserve, Total Deposits in All Banks in Pennsylvania (X08TDABPA), retrieved from FRED.