Number of Commercial Banks in the United States
X03NOB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,277.00
Year-over-Year Change
-6.84%
Date Range
1/1/1914 - 7/1/1941
Summary
The Number of Commercial Banks in the United States measures the total number of FDIC-insured banks operating in the country. This metric is a key indicator of the banking industry's structure and competitive dynamics.
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 Commercial Banks in the United States represents the total count of active, FDIC-insured depository institutions providing traditional banking services to consumers and businesses. This measure is used by economists and policymakers to analyze market concentration, access to financial services, and trends in the consolidation or fragmentation of the U.S. banking sector.
Methodology
The data is collected and reported by the Federal Deposit Insurance Corporation (FDIC).
Historical Context
Tracking the number of commercial banks is important for understanding the competitive landscape of the U.S. financial system and informing regulatory and monetary policy decisions.
Key Facts
- The number of commercial banks in the U.S. has declined by over 50% since the 1980s.
- Community banks make up the majority of commercial banks, but control a smaller share of industry assets.
- Consolidation through mergers and acquisitions has been a long-term trend in the U.S. banking sector.
FAQs
Q: What does this economic trend measure?
A: The Number of Commercial Banks in the United States measures the total count of FDIC-insured depository institutions providing traditional banking services to consumers and businesses in the country.
Q: Why is this trend relevant for users or analysts?
A: Tracking the number of commercial banks is important for understanding the competitive landscape and market concentration of the U.S. financial system, which informs regulatory and monetary policy decisions.
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 commercial banks is a key metric used by economists and policymakers to analyze trends in the consolidation or fragmentation of the U.S. banking sector and the availability of financial services.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the FDIC with minimal delay, providing timely information on the state of the U.S. banking industry.
Related Trends
Loans and Investments in All Insured Commercial Banks in Cities with 500,000 or Fewer Residents
X10AICBLIO5L
Other Securities in Insured Nonmember Commercial Banks in Cities with 500,000 or More Residents
X10INCBOSO5M
Total Deposits in Commercial Banks in Idaho
X08TDCBTID
Conversions from National Banks into State Member Banks
X14SMBCNBI
Total Deposits in Commercial Member Banks in New Jersey
X08TDCBMBTNJ
Loans and Investments in All Member Banks in New York City
X10AMBLINYC
Citation
U.S. Federal Reserve, Number of Commercial Banks in the United States (X03NOB), retrieved from FRED.