Total Deposits in Commercial Banks in Arizona
X08TDCBTAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.00
Year-over-Year Change
194.29%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Total Deposits in Commercial Banks in Arizona' series measures the total dollar value of deposits held by commercial banks operating in the state of Arizona. This metric is a key indicator of the overall health and activity of the state's banking and financial 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
This economic series tracks the aggregate value of checking accounts, savings accounts, money market deposit accounts, and other types of deposits maintained at FDIC-insured commercial banks headquartered or operating within the state of Arizona. The data is used by economists, policymakers, and financial analysts to gauge trends in banking liquidity, consumer and business confidence, and broader economic conditions.
Methodology
The data is collected and reported by the U.S. Federal Reserve as part of its H.8 statistical release on assets and liabilities of commercial banks.
Historical Context
Trends in total bank deposits provide important insights into the flow of money and economic activity within a region, informing decisions by the Federal Reserve, state governments, and private-sector stakeholders.
Key Facts
- Arizona's total bank deposits exceeded $300 billion as of the latest reporting period.
- Bank deposits in Arizona have grown by over 50% in the past decade.
- The state's banking sector accounts for approximately 2% of total U.S. commercial bank deposits.
FAQs
Q: What does this economic trend measure?
A: The 'Total Deposits in Commercial Banks in Arizona' series tracks the aggregate dollar value of all deposits, including checking, savings, and money market accounts, held at FDIC-insured banks operating in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall health and activity of Arizona's banking and financial sector, which is a key driver of the state's economy. Trends in total bank deposits can inform decisions by policymakers, economists, and financial market participants.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve as part of its H.8 statistical release on the assets and liabilities of commercial banks.
Q: How is this trend used in economic policy?
A: Trends in total bank deposits in Arizona are monitored by the Federal Reserve, state government officials, and other stakeholders to gauge economic conditions, consumer and business confidence, and the flow of money within the regional economy.
Q: Are there update delays or limitations?
A: The total deposits data is released by the Federal Reserve on a weekly basis, with a short lag period. There may be minor revisions to historical data as reporting and accounting practices evolve.
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Citation
U.S. Federal Reserve, Total Deposits in Commercial Banks in Arizona (X08TDCBTAZ), retrieved from FRED.