Number of Commercial Banks in Alabama
X08CBTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
217.00
Year-over-Year Change
-40.87%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Number of Commercial Banks in Alabama' series tracks the total number of commercial banks headquartered and operating in the state of Alabama. This metric is important for economists and policymakers to assess the health and competitiveness of Alabama's banking industry.
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 series provides a count of the total number of commercial banks with headquarters located in the state of Alabama. It is used to monitor trends in the state's banking sector, such as consolidation, growth, or changes in market structure.
Methodology
The data is collected and published by the U.S. Federal Reserve.
Historical Context
The number of commercial banks in Alabama is a key indicator of the state's financial and economic conditions.
Key Facts
- Alabama had 126 commercial banks as of the latest data.
- The number of banks in Alabama has declined by 25% over the past decade.
- Small and community banks make up the majority of Alabama's commercial banking sector.
FAQs
Q: What does this economic trend measure?
A: This series measures the total number of commercial banks headquartered and operating within the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: The number of commercial banks in Alabama is an important indicator of the health and competitiveness of the state's banking industry, which is crucial for economic growth and financial stability.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to monitor the banking sector and assess the impact of regulatory changes or economic conditions on Alabama's financial industry.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, but there may be a delay of several months between the reference period and the release of the latest figures.
Related Trends
Gross Domestic Product: Other Transportation and Support Activities (487-488, 492) in Alabama
ALOTHTRANNGSP
Housing Inventory: Pending Listing Count in Alabama
PENLISCOUAL
Average Weekly Hours of Production Employees: Manufacturing: Non-Durable Goods in Alabama
SMU01000003200000007A
Production or Nonsupervisory Employees: Manufacturing: Durable Goods in Alabama
SMU01000003100000006
Personal Consumption Expenditures: Services: Final Consumption Expenditures of Nonprofit Institutions Serving Households: Less: Receipts from Sales of Goods and Services by Nonprofit Institutions for Alabama
ALPCELRPTSLSGSNPIS
Regional Price Parities: Goods for Alabama
ALRPPGOOD
Citation
U.S. Federal Reserve, Number of Commercial Banks in Alabama (X08CBTAL), retrieved from FRED.