Number of National Banks in the United States
X04NOB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,117.00
Year-over-Year Change
-4.99%
Date Range
7/1/1863 - 7/1/1941
Summary
The 'Number of National Banks in the United States' trend measures the total count of federally chartered banks operating within the country. This data provides insights into the health and evolution of the U.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
This economic indicator tracks the number of national banks, which are financial institutions that operate under a federal charter and are subject to regulation by the Office of the Comptroller of the Currency. The trend is used to analyze structural changes and consolidation in the banking industry.
Methodology
The data is collected and published by the U.S. Federal Reserve.
Historical Context
The number of national banks is a key metric for policymakers and industry analysts monitoring the stability and competitiveness of the U.S. financial system.
Key Facts
- The number of national banks has declined from over 14,000 in the 1920s to around 5,000 today.
- Consolidation in the banking industry has led to a steady decrease in the total number of national banks since the 1980s.
- National banks hold a significant share of total U.S. banking assets, making this metric important for financial stability analysis.
FAQs
Q: What does this economic trend measure?
A: The 'Number of National Banks in the United States' trend measures the total count of federally chartered banks operating within the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the structure and evolution of the U.S. banking sector, which is crucial for policymakers and industry analysts monitoring financial system stability and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: The number of national banks is a key metric for monitoring the health and structural changes in the U.S. financial system, which is relevant for policymakers and market participants.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with minimal delays, providing a timely view of the national banking landscape.
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Citation
U.S. Federal Reserve, Number of National Banks in the United States (X04NOB), retrieved from FRED.