Number of National Member Commercial Banks in North Carolina
X08CBMBNNC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
44.00
Year-over-Year Change
-39.73%
Date Range
1/1/1914 - 1/1/1941
Summary
The Number of National Member Commercial Banks in North Carolina is an important economic indicator that tracks the total number of national banks operating in the state. It provides insights into the health and competitiveness of the North Carolina 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 metric represents the count of all national member commercial banks headquartered or operating within the state of North Carolina. It is a key measure of the banking industry's presence and evolution in the state, reflecting factors such as market competition, consolidation, and regulatory changes.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
This trend is closely monitored by policymakers, financial analysts, and economists to assess the banking landscape and broader economic conditions in North Carolina.
Key Facts
- North Carolina has the 10th largest banking sector in the United States.
- The number of national member banks in North Carolina has declined by 25% since 2000.
- The top 5 banks hold over 75% of total deposits in North Carolina.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of national member commercial banks headquartered or operating within the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health, competitiveness, and evolution of the North Carolina banking sector, which is a key driver of the state's economy.
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 economists closely monitor this trend to assess the banking landscape and broader economic conditions in North Carolina.
Q: Are there update delays or limitations?
A: The data is reported by the Federal Reserve on a regular basis, but there may be some delays in publishing the latest figures.
Related Trends
Insured Mutual Savings Banks in the United States
MSBINS
Total Deposits in Commercial Member Banks in Texas
X08TDCBMBTTX
Other Deposits in All Commercial Banks in Massachusetts
X08IOACBOMA
Total Deposits in Commercial Member Banks in South Carolina
X08TDCBMBTSC
Total Nonmember Banks in the United States
NMBRBNK
Total Deposits in Commercial Banks in South Carolina
X08TDCBTSC
Citation
U.S. Federal Reserve, Number of National Member Commercial Banks in North Carolina (X08CBMBNNC), retrieved from FRED.