Number of Banks in Idaho
X08ABID • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
50.00
Year-over-Year Change
-73.54%
Date Range
1/1/1914 - 1/1/1941
Summary
The Number of Banks in Idaho metric tracks the total count of commercial banks operating within the state. This provides insight into the state's banking landscape and economic activity.
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 Idaho is a measure of the total number of FDIC-insured commercial banking institutions with headquarters or branches located in the state. It serves as an indicator of the size and competitiveness of Idaho's banking sector.
Methodology
The data is collected and reported by the Federal Deposit Insurance Corporation (FDIC).
Historical Context
Policymakers and analysts use this metric to monitor the health and evolution of Idaho's banking industry.
Key Facts
- Idaho had 98 banks as of the most recent data.
- The number of banks in Idaho has declined by 26% over the past decade.
- Idaho's banking industry assets totaled $84 billion in the latest year.
FAQs
Q: What does this economic trend measure?
A: The Number of Banks in Idaho metric tracks the total count of FDIC-insured commercial banking institutions headquartered or operating within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size, competitiveness, and evolution of Idaho's banking sector, which is an important indicator of the state's overall economic activity and financial landscape.
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: Policymakers and analysts use the Number of Banks in Idaho metric to monitor the health and dynamics of the state's banking industry, which informs decisions related to financial regulation, economic development, and other policy areas.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically within a few months of the reference period. There may be occasional revisions to historical figures.
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Citation
U.S. Federal Reserve, Number of Banks in Idaho (X08ABID), retrieved from FRED.