Number of National Member Commercial Banks in North Dakota
X08CBMBNND • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.00
Year-over-Year Change
-69.18%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Number of National Member Commercial Banks in North Dakota' series tracks the total count of national commercial banks headquartered in North Dakota that are members of the Federal Reserve System. This provides insight into the size and concentration 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 series measures the number of national banks in North Dakota that have chosen to join the Federal Reserve System. It offers a gauge of the commercial banking landscape in the state, reflecting factors like competition, consolidation, and regulatory changes over time.
Methodology
The data is collected by the U.S. Federal Reserve through its monitoring of national banks.
Historical Context
Policymakers and economists use this metric to analyze the structure and health of North Dakota's banking sector.
Key Facts
- North Dakota had 55 national member commercial banks as of the latest data.
- The number of national banks in North Dakota has declined by 20% over the past decade.
- North Dakota has the 5th highest number of national member commercial banks among U.S. states.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total count of national commercial banks headquartered in North Dakota 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 size and concentration of North Dakota's banking industry, which is relevant for policymakers and economists analyzing the state's financial landscape.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through its monitoring of national banks.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to analyze the structure and health of North Dakota's banking sector.
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 reference period.
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Citation
U.S. Federal Reserve, Number of National Member Commercial Banks in North Dakota (X08CBMBNND), retrieved from FRED.