Number of Member Commercial Banks in Alabama
X08CBMBTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82.00
Year-over-Year Change
-8.89%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Number of Member Commercial Banks in Alabama' series tracks the total number of FDIC-insured commercial banks headquartered in the state of Alabama that are members of the Federal Reserve System.
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 indicator provides insight into the size and composition of Alabama's commercial banking sector. It is used by economists and policymakers to monitor trends in financial market concentration and competition within the state.
Methodology
The data is collected and published by the Federal Reserve Bank.
Historical Context
This series is relevant for understanding the broader dynamics of Alabama's economy and financial services industry.
Key Facts
- Alabama had 193 member commercial banks as of the latest data.
- The number of member banks in Alabama has declined by 31% since 2000.
- Commercial banks are a major employer and driver of economic activity in Alabama.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of FDIC-insured commercial banks headquartered in Alabama that are members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into the size and composition of Alabama's commercial banking sector, which is relevant for understanding broader economic and financial market dynamics within the state.
Q: How is this data collected or calculated?
A: The data is collected and published by the Federal Reserve Bank.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this series to monitor trends in financial market concentration and competition within Alabama's economy.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically a few months after the end of each reporting period.
Related Trends
Value of Exports to Poland from Alabama
ALPOLA052SCEN
Average Hourly Earnings of All Employees: Manufacturing in Alabama
SMU01000003000000003
Unemployment Rate in Alabama
ALUR
Transportation Carbon Dioxide Emissions, Coal for Alabama
EMISSCO2TOTVTCCOALA
State Government Tax Collections, Total License Taxes in Alabama
ALTLLICTAX
90% Confidence Interval Lower Bound of Estimate of Percent of People of All Ages in Poverty for Alabama
PPCILBAAAL01000A156NCEN
Citation
U.S. Federal Reserve, Number of Member Commercial Banks in Alabama (X08CBMBTAL), retrieved from FRED.