Financial Update (July-Septemer 1997)
Atlanta Fed to Discontinue
Publishing Regional Bank Data
uring the second quarter of 1997, several large bank holding companies consolidated their interstate subsidiaries within the Sixth District. As a result, the regional bank data series showed large declines in the deposits of some states and significant increases in other states. These changes do not reflect underlying trends in state deposits and loans and, therefore, are of limited value for tracking changes in each state's economy. With the bank consolidation trend expected to continue, the Federal Reserve Bank of Atlanta will no longer publish this series of regional bank data in Financial Update.