Number of State Member Commercial Banks in the United States
X08CBMBSUS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,426.00
Year-over-Year Change
36.85%
Date Range
1/1/1919 - 1/1/1941
Summary
The Number of State Member Commercial Banks in the United States measures the total number of commercial banks that are members of the Federal Reserve System. This metric is important for economists and policymakers to monitor the structure and health of the U.S. 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 data series tracks the count of U.S. state-chartered commercial banks that have joined the Federal Reserve System. It provides insight into the overall banking landscape and can indicate trends in consolidation, regulation, and economic conditions impacting the industry.
Methodology
The data is collected and published by the U.S. Federal Reserve.
Historical Context
This metric is used by analysts, policymakers, and market participants to assess the state of the U.S. banking system and its implications for the broader economy.
Key Facts
- The number of state member commercial banks has declined by over 80% since the 1980s.
- There were 4,746 state member banks in the U.S. as of the latest data.
- State member banks represent a subset of all FDIC-insured commercial banks in the country.
FAQs
Q: What does this economic trend measure?
A: The Number of State Member Commercial Banks in the United States metric tracks the total count of U.S. state-chartered commercial banks that are members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the structure and consolidation of the U.S. banking industry, which is important for economists, policymakers, and market participants to monitor.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess the health and competitive dynamics of the U.S. banking sector and its implications for the broader economy.
Q: Are there update delays or limitations?
A: The data is published by the Federal Reserve with minimal delays, though there may be some lags in reporting changes to the commercial banking landscape.
Related Trends
Loans and Investments in All Insured Commercial Banks in Chicago
X10AICBLIC
Loans in All Insured Commercial Banks in Cities with 500,000 or Fewer Residents
X10AICBLO5L
Other Investements in Nonmember Commercial Banks in the United States
X06LIIOS
Balances with Domestic Banks in All Insured Commercial Banks in New York City
X10AICBBDBNYC
Interbank Deposits in Nonmember Commercial Banks in the United States
X06DI
Other Investements in State Member Banks in the United States
X05LIIOS
Citation
U.S. Federal Reserve, Number of State Member Commercial Banks in the United States (X08CBMBSUS), retrieved from FRED.