Number of State Member Banks in the United States
X05NOB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,502.00
Year-over-Year Change
50.05%
Date Range
1/1/1915 - 7/1/1941
Summary
The 'Number of State Member Banks in the United States' measures the total count of state-chartered banks that are members of the Federal Reserve System. This statistic is a key indicator of the structure and health 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
The 'Number of State Member Banks' represents state-chartered commercial banks that have chosen to join the Federal Reserve System. As members, these banks must meet certain regulatory and capital requirements. This metric provides insight into the consolidation and composition of the U.S. banking industry.
Methodology
The data is collected directly from Federal Reserve records on state member banks.
Historical Context
Policymakers and analysts use this series to monitor trends in the domestic banking landscape.
Key Facts
- The number of state member banks has declined from over 7,000 in the 1980s to around 800 today.
- State member banks hold about 10% of total U.S. banking assets.
- Membership in the Federal Reserve System is voluntary for state-chartered banks.
FAQs
Q: What does this economic trend measure?
A: The 'Number of State Member Banks in the United States' tracks the total count of state-chartered commercial banks that are members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the structure and consolidation of the U.S. banking industry, which is important for policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is collected directly from Federal Reserve records on state member banks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this series to monitor the domestic banking landscape and assess the impact of regulations and consolidation.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with minimal delays.
Related Trends
Total Loans in State Member Banks in the United States
X05LIL
Demand Deposits in All Member Banks in Cities with 500,000 or More Residents
X10AMBDDO5M
Number of Noninsured Nonmember Commercial Banks in Maryland
X08CBNMBNIMD
Other Deposits in Commercial Member Banks in Pennsylvania
X08IOMBOPA
Time Deposits in All Insured Commercial Banks in New York City
X10AICBTIDNYC
Number of Nonmember Commercial Banks in Minnesota
X08CBNMBTMN
Citation
U.S. Federal Reserve, Number of State Member Banks in the United States (X05NOB), retrieved from FRED.