Deposits in Insured Commercial Nonmember Banks in Alabama
X08TDCBNMBIAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.00
Year-over-Year Change
145.45%
Date Range
1/1/1934 - 1/1/1941
Summary
This economic trend measures the total value of deposits held in insured commercial nonmember banks located in the state of Alabama. It provides insight into the banking activity and financial health of the region.
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 Deposits in Insured Commercial Nonmember Banks in Alabama series tracks the total value of funds deposited with commercial banks in Alabama that are not members of the Federal Reserve System. This metric is used by economists and policymakers to analyze banking industry trends and monitor the financial landscape of the state.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its banking industry surveys.
Historical Context
This trend is relevant for understanding the broader economic conditions and financial sector activity in Alabama.
Key Facts
- Alabama has over 120 insured commercial nonmember banks.
- Deposits in these banks totaled over $55 billion as of the latest data.
- Nonmember banks account for a significant portion of Alabama's banking assets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held in insured commercial banks located in Alabama that are not members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the banking activity and financial health of Alabama, which is important for understanding the broader economic conditions in the state.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve through its banking industry surveys.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to analyze banking industry trends and monitor the financial landscape of Alabama, which can inform economic and regulatory decisions.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve, but may be subject to reporting lags or changes in banking industry composition over time.
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Citation
U.S. Federal Reserve, Deposits in Insured Commercial Nonmember Banks in Alabama (X08TDCBNMBIAL), retrieved from FRED.