Number of National Member Commercial Banks in Indiana
X08CBMBNIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124.00
Year-over-Year Change
-51.37%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Number of National Member Commercial Banks in Indiana' metric tracks the total number of national banks that are members of the Federal Reserve System within the state of Indiana. This data provides insight into the structure and composition of the state's banking industry.
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 trend represents the count of national commercial banks that are member institutions of the Federal Reserve. It is a key indicator of the size and distribution of the banking sector within the state of Indiana, which is relevant for understanding regional economic conditions and financial market dynamics.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this metric to assess the competitive landscape and accessibility of banking services for businesses and consumers in Indiana.
Key Facts
- Indiana had 77 national member commercial banks as of the latest data.
- The number of national member banks in Indiana has declined by 35% over the past decade.
- Indiana accounts for 2.1% of all national member commercial banks in the United States.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total number of national commercial banks that are members of the Federal Reserve System located within the state of Indiana.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the structure and competitiveness of the banking industry in Indiana, which is important for understanding regional economic conditions and the accessibility of financial services.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the banking landscape and financial market dynamics within the state of Indiana.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically a few months after the end of the reporting period.
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Citation
U.S. Federal Reserve, Number of National Member Commercial Banks in Indiana (X08CBMBNIN), retrieved from FRED.