Deposits in State Commercial Member Banks in Alabama
X08TDCBMBSAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.00
Year-over-Year Change
84.85%
Date Range
1/1/1919 - 1/1/1941
Summary
This economic indicator tracks the total deposits held by state commercial member banks in the state of Alabama. It provides insights into the liquidity and financial health 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
The Deposits in State Commercial Member Banks in Alabama series measures the total dollar amount of deposits held by state-chartered commercial banks that are members of the Federal Reserve System within the state of Alabama. This metric is used by economists and policymakers to assess the overall deposit funding and financial conditions of Alabama's banking industry.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
Trends in Alabama bank deposits can inform economic and monetary policy decisions.
Key Facts
- Alabama has over 100 state-chartered commercial banks.
- Bank deposits in Alabama totaled over $180 billion as of the latest data.
- Deposit growth is a key indicator of economic and financial activity in the state.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total dollar amount of deposits held by state-chartered commercial banks that are members of the Federal Reserve System within the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: Trends in Alabama bank deposits provide insights into the liquidity and financial health of the state's banking sector, which is crucial for understanding economic and financial conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Movements in Alabama bank deposits can inform economic and monetary policy decisions by policymakers and analysts.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not fully capture real-time changes in the banking sector.
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Citation
U.S. Federal Reserve, Deposits in State Commercial Member Banks in Alabama (X08TDCBMBSAL), retrieved from FRED.