Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Georgia
GEOFCBODCNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
903.00
Year-over-Year Change
8.27%
Date Range
1/1/2004 - 1/1/2024
Summary
This trend measures the number of branch locations, excluding headquarters, for commercial banks operating in the state of Georgia. It provides insights into the geographical outreach and accessibility of banking services across 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 Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Georgia trend tracks the physical presence and distribution of commercial bank branches within the state of Georgia, excluding the central headquarters. This metric is used by economists and policymakers to assess the availability and convenience of banking services for consumers and businesses.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of commercial banks operating in Georgia.
Historical Context
This trend is relevant for understanding the market dynamics and financial inclusion within the state of Georgia.
Key Facts
- The trend has been tracked since 1984.
- Georgia had over 2,000 commercial bank branches as of the latest data.
- Rural areas often have fewer branch locations compared to urban centers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of branch locations, excluding headquarters, for commercial banks operating in the state of Georgia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the geographic distribution and accessibility of banking services across the state, which is important for understanding financial inclusion and market dynamics.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of commercial banks operating in Georgia.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess the availability and convenience of banking services, which can inform decisions related to financial regulation, infrastructure investment, and community development.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve, but there may be some delays in reporting. The trend only covers commercial banks and excludes other financial institutions.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Georgia (GEOFCBODCNUM), retrieved from FRED.