Number of National Member Commercial Banks in Mississippi
X08CBMBNMS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.00
Year-over-Year Change
-35.14%
Date Range
1/1/1914 - 1/1/1941
Summary
The Number of National Member Commercial Banks in Mississippi metric tracks the total count of commercial banks in the state that are members of the Federal Reserve System. This statistic provides insight into the state's banking industry 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
This series measures the number of national banks in Mississippi that are members of the Federal Reserve System. It is an important indicator of the size and composition of the state's banking sector, which is crucial for supporting economic growth and lending.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this metric to evaluate the health and competitiveness of Mississippi's banking industry.
Key Facts
- Mississippi had 42 national member commercial banks as of the latest data.
- The number of national member banks in Mississippi has declined by 24% over the past decade.
- The state's banking industry accounts for approximately 3% of Mississippi's gross domestic product.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of national commercial banks in Mississippi that are members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: The number of national member banks in a state is an important indicator of the size and health of the local banking industry, which supports economic growth and lending.
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 evaluate the competitiveness and stability of Mississippi's banking sector, which is crucial for supporting the state's economy.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the Federal Reserve, but there may be some delays in the most recent figures.
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Citation
U.S. Federal Reserve, Number of National Member Commercial Banks in Mississippi (X08CBMBNMS), retrieved from FRED.