Deposits in Noninsured Commercial Nonmember Banks in Alabama
X08TDCBNNAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
0.00%
Date Range
1/1/1934 - 1/1/1941
Summary
This economic trend measures the total deposits held in commercial banks in Alabama that are not insured by the Federal Deposit Insurance Corporation (FDIC). It provides insight into the financial health and liquidity of the state's 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 Noninsured Commercial Nonmember Banks in Alabama metric tracks the aggregate value of deposits at Alabama-based commercial banks that operate outside the FDIC's deposit insurance program. This data point is used by economists and policymakers to assess the stability and risk profile of the state's banking industry.
Methodology
The data is collected directly from the banks and aggregated by the U.S. Federal Reserve.
Historical Context
This trend is monitored by financial regulators and market analysts to gauge the overall soundness of Alabama's banking system.
Key Facts
- Alabama has approximately 100 noninsured commercial banks.
- Noninsured banks hold over $10 billion in total deposits.
- Deposits at noninsured banks make up around 15% of Alabama's total banking assets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held at commercial banks in Alabama that are not insured by the Federal Deposit Insurance Corporation (FDIC).
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into the financial health and risk profile of Alabama's banking sector, which is important for economists, regulators, and market participants to monitor.
Q: How is this data collected or calculated?
A: The data is collected directly from the banks and aggregated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Financial regulators and policymakers use this metric to assess the stability and vulnerability of Alabama's banking system, which informs decisions around banking regulations and oversight.
Q: Are there update delays or limitations?
A: The data is published by the Federal Reserve on a monthly basis, with a typical 1-2 month delay from the reference period.
Related Trends
Real Gross Domestic Product: Miscellaneous Manufacturing (339) in Alabama
ALMISCMANRGSP
Average Weekly Earnings of Production Employees: Manufacturing: Durable Goods in Alabama
SMU01000003100000030A
Average Hourly Earnings of All Employees: Financial Activities in Alabama
SMU01000005500000003
Chain-Type Quantity Index for Real GDP: Government and Government Enterprises (92) in Alabama
ALGOVQQGSP
Total Unemployed Plus Discouraged Workers, as a Percent of the Civilian Labor Force Plus Discouraged Workers for Alabama
U4UNEM4AL
All Employees: Health Care: Offices of Physicians in Alabama
SMU01000006562110001A
Citation
U.S. Federal Reserve, Deposits in Noninsured Commercial Nonmember Banks in Alabama (X08TDCBNNAL), retrieved from FRED.