Number of Member Commercial Banks in Mississippi
X08CBMBTMS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.00
Year-over-Year Change
-29.73%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Number of Member Commercial Banks in Mississippi' trend tracks the total number of commercial banks that are members of the Federal Reserve system in the state of Mississippi. This metric is important for understanding the structure and competitiveness of the local 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 indicator represents the count of commercial banks in Mississippi that are members of the Federal Reserve system. It provides insights into the size and composition of the state's banking sector, which is relevant for policymakers, researchers, and financial analysts.
Methodology
The data is collected directly from the Federal Reserve's records of member banks.
Historical Context
The number of member banks is a useful barometer for assessing the health and evolution of Mississippi's financial services industry.
Key Facts
- Mississippi had 62 member commercial banks as of the latest data.
- The number of member banks has declined by 25% over the past decade.
- Commercial banks are a vital part of Mississippi's financial infrastructure.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of 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 member banks provides insights into the structure and competitiveness of Mississippi's banking industry, which is important for policymakers, researchers, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from the Federal Reserve's records of member banks.
Q: How is this trend used in economic policy?
A: The number of member banks is a useful barometer for assessing the health and evolution of Mississippi's financial services industry, which is relevant for policymakers and regulators.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Federal Reserve with minimal delays.
Related Trends
Exports of Goods: Non-Manufactured Commodities for Mississippi
EXPNONMS
Regional Price Parities: Services: Housing: Nonmetropolitan Portion for Mississippi
MSNMPRPPSERVERENT
Gross Domestic Product: Accommodation and Food Services (72) in Mississippi
MSACCFDNGSP
Deposits in State Commercial Member Banks in Mississippi
X08TDCBMBSMS
Real Gross Domestic Product: Food and Beverage and Tobacco Product Manufacturing (311-312) in Mississippi
MSFOODBEVTOBMANRGSP
Exports of Goods for Mississippi
EXPTOTMS
Citation
U.S. Federal Reserve, Number of Member Commercial Banks in Mississippi (X08CBMBTMS), retrieved from FRED.