Total Deposits in Commercial Member Banks in Alabama
X08TDCBMBTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
346.00
Year-over-Year Change
723.81%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend measures the total deposits held in commercial member banks located in the state of Alabama. It provides insights into the banking activity and financial health of the Alabama economy.
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 Member Banks in Alabama metric represents the total dollar value of deposits held by commercial banks that are members of the Federal Reserve System and located within the state of Alabama. This data is used by economists and policymakers to analyze trends in banking sector liquidity and consumer saving patterns.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of commercial banks.
Historical Context
This metric is relevant for understanding the banking and financial conditions in Alabama and can inform economic policies and investment decisions.
Key Facts
- Alabama has over 100 commercial member banks.
- Total deposits reached a record high of $164 billion in 2021.
- Commercial bank deposits make up a significant portion of the state's money supply.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of deposits held by commercial banks that are members of the Federal Reserve System and located within the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the banking activity and financial health of the Alabama economy, which is important for economists, policymakers, and investors analyzing economic conditions in the state.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of commercial banks.
Q: How is this trend used in economic policy?
A: This metric can inform economic policies and investment decisions related to the banking and financial conditions in Alabama.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the Federal Reserve, but there may be some delays in reporting due to the nature of the survey-based data collection process.
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Citation
U.S. Federal Reserve, Total Deposits in Commercial Member Banks in Alabama (X08TDCBMBTAL), retrieved from FRED.