Total Deposits in All Banks in Alabama
X08TDABAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
402.00
Year-over-Year Change
318.75%
Date Range
1/1/1914 - 1/1/1941
Summary
The Total Deposits in All Banks in Alabama metric tracks the total value of deposits held by banks located in the state of Alabama. This statistic is a key indicator of the overall health and activity of the Alabama 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
Total Deposits in All Banks in Alabama measures the total dollar value of deposits held by commercial banks, savings institutions, and credit unions operating within the state of Alabama. It provides insight into the size and activity level of Alabama's banking industry and can signal changes in consumer and business savings and lending patterns.
Methodology
The data is collected directly from financial institutions by the U.S. Federal Reserve.
Historical Context
This metric is used by economists, policymakers, and financial analysts to assess the financial conditions and economic trends within the state of Alabama.
Key Facts
- Alabama has over 120 FDIC-insured banks and credit unions.
- Total deposits in Alabama banks exceed $150 billion.
- Alabama's banking industry employs over 35,000 people.
FAQs
Q: What does this economic trend measure?
A: The Total Deposits in All Banks in Alabama metric measures the total dollar value of deposits held by commercial banks, savings institutions, and credit unions operating within the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and activity level of Alabama's banking industry, signaling changes in consumer and business savings and lending patterns within the state.
Q: How is this data collected or calculated?
A: The data is collected directly from financial institutions by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Economists, policymakers, and financial analysts use this metric to assess the financial conditions and economic trends within the state of Alabama.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with minimal delays, providing timely insight into Alabama's banking industry.
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Citation
U.S. Federal Reserve, Total Deposits in All Banks in Alabama (X08TDABAL), retrieved from FRED.