Number of State Member Commercial Banks in Alabama
X08CBMBSAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.00
Year-over-Year Change
41.67%
Date Range
1/1/1919 - 1/1/1941
Summary
The 'Number of State Member Commercial Banks in Alabama' trend measures the number of commercial banks in Alabama that are members of the Federal Reserve System. This data is important for economists and policymakers to understand the structure and health of the state's banking 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 trend represents the total count of commercial banks located in Alabama that are members of the Federal Reserve System. It provides insights into the size and composition of the state's banking industry, which is a key driver of economic activity and credit availability.
Methodology
The data is collected by the Federal Reserve through its membership and supervisory processes.
Historical Context
This trend is commonly used by policymakers, analysts, and researchers to assess banking conditions and credit market dynamics in Alabama.
Key Facts
- Alabama has 108 state member commercial banks as of the latest data.
- The number of state member banks in Alabama has declined by 16% over the past decade.
- State member banks account for approximately 40% of total commercial banking assets in Alabama.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial banks located in Alabama that are members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the structure and health of Alabama's banking sector, which is a key driver of economic activity and credit availability in the state.
Q: How is this data collected or calculated?
A: The data is collected by the Federal Reserve through its membership and supervisory processes.
Q: How is this trend used in economic policy?
A: Policymakers, analysts, and researchers use this trend to assess banking conditions and credit market dynamics in Alabama.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve, but may be subject to typical time lags in data collection and reporting.
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Citation
U.S. Federal Reserve, Number of State Member Commercial Banks in Alabama (X08CBMBSAL), retrieved from FRED.