Number of Banks in the United States
X02NOB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,825.00
Year-over-Year Change
-12.24%
Date Range
1/1/1914 - 7/1/1941
Summary
The Number of Banks in the United States is an important economic indicator that tracks the total number of commercial banks operating in the country. This metric provides insights into the overall health and stability of the 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 Number of Banks in the United States represents the total count of all commercial banks, including national banks, state-chartered banks, and savings banks, that are active and operating within the country. This data series is widely used by economists and policymakers to analyze trends in the banking industry and assess the competitive landscape.
Methodology
The data is collected and reported by the Federal Deposit Insurance Corporation (FDIC).
Historical Context
The Number of Banks trend is closely monitored by the Federal Reserve and other regulatory bodies to inform policy decisions and maintain financial system stability.
Key Facts
- The number of banks in the U.S. has declined by over 50% since the 1980s.
- The 2008 financial crisis led to a significant wave of bank consolidations and closures.
- The U.S. banking industry is dominated by a few large, systemically important banks.
FAQs
Q: What does this economic trend measure?
A: The Number of Banks in the United States measures the total count of active commercial banks, including national banks, state-chartered banks, and savings banks, operating within the country.
Q: Why is this trend relevant for users or analysts?
A: The Number of Banks trend provides important insights into the overall health and stability of the U.S. banking sector, which is crucial for economic growth and financial system stability.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal Deposit Insurance Corporation (FDIC).
Q: How is this trend used in economic policy?
A: The Number of Banks trend is closely monitored by the Federal Reserve and other regulatory bodies to inform policy decisions and maintain financial system stability.
Q: Are there update delays or limitations?
A: The Number of Banks data is reported on a regular basis by the FDIC, with minimal update delays.
Related Trends
Number of State Member Commercial Banks in Alabama
X08CBMBSAL
Deposits in State Commercial Member Banks in New Jersey
X08TDCBMBSNJ
Conversions to National Banks from Nonmember Incorporated Commercial Banks
X14NICBCNBD
Reopenings (Licensing) of Unlicensed Banks Among National Banks
X14NBRUB
Total Balances with Domestic Banks in All Insured Commercial Banks
X10AICBBDBT
Balances with Domestic Banks in Insured Nonmember Commercial Banks in Cities with 500,000 or More Residents
X10INCBBDBO5M
Citation
U.S. Federal Reserve, Number of Banks in the United States (X02NOB), retrieved from FRED.