Total Deposits in Commercial Banks in Delaware
X08TDCBTDE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
230.00
Year-over-Year Change
820.00%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend measures the total deposits held in commercial banks located in the state of Delaware. It is an important indicator of the overall health and activity of the banking sector in the state.
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 Commercial Banks in Delaware metric tracks the total value of all deposits, including checking, savings, and time deposits, held by commercial banks operating within the state. This provides insight into the level of economic activity and consumer confidence in the region.
Methodology
The data is collected by the U.S. Federal Reserve through regular reporting by commercial banks.
Historical Context
Policymakers and analysts use this metric to assess the financial conditions and lending capacity of the Delaware banking system.
Key Facts
- Delaware has over 40 commercial banks operating in the state.
- Total deposits have grown by over 20% in the past decade.
- Delaware's banking sector holds over $120 billion in total deposits.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by commercial banks located in the state of Delaware, including checking, savings, and time deposits.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the overall health and activity of Delaware's banking sector, which is an important component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through regular reporting by commercial banks operating in Delaware.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the financial conditions and lending capacity of the Delaware banking system, which can inform decisions around economic development and regulatory policies.
Q: Are there update delays or limitations?
A: The data is typically released with a lag of several months, and may not capture all deposits held by out-of-state banks with branches in Delaware.
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Citation
U.S. Federal Reserve, Total Deposits in Commercial Banks in Delaware (X08TDCBTDE), retrieved from FRED.