Number of Noninsured Nonmember Commercial Banks in Alabama
X08CBNMBNIAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.00
Year-over-Year Change
-33.33%
Date Range
1/1/1934 - 1/1/1941
Summary
The 'Number of Noninsured Nonmember Commercial Banks in Alabama' measures the total number of commercial banks located in Alabama that are not members of the Federal Reserve System and do not have federal deposit insurance.
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 economic indicator provides insight into the structure and composition of the Alabama banking sector, which is relevant for policymakers and analysts assessing financial stability and access to banking services in the state.
Methodology
The data is collected by the Federal Reserve through regulatory reporting by commercial banks.
Historical Context
Trends in this metric can inform discussions around banking regulation, market competition, and the financial health of Alabama's economy.
Key Facts
- There were 3 noninsured nonmember commercial banks in Alabama as of the latest data.
- Noninsured banks lack federal deposit insurance, exposing their customers to higher risk.
- The number of these banks has declined over the past decade in Alabama.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of commercial banks located in Alabama that are not members of the Federal Reserve System and do not have federal deposit insurance.
Q: Why is this trend relevant for users or analysts?
A: Trends in the number of noninsured nonmember banks provide insight into the structure and competitiveness of Alabama's banking sector, which is important for assessing financial stability and access to banking services in the state.
Q: How is this data collected or calculated?
A: The data is collected by the Federal Reserve through regulatory reporting by commercial banks operating in Alabama.
Q: How is this trend used in economic policy?
A: Analysts and policymakers may use this metric to monitor banking market dynamics and evaluate the impacts of regulations and policies on the financial services industry in Alabama.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the number of noninsured nonmember banks can fluctuate due to mergers, acquisitions, and changes in regulatory status.
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Citation
U.S. Federal Reserve, Number of Noninsured Nonmember Commercial Banks in Alabama (X08CBNMBNIAL), retrieved from FRED.