Number of Member Commercial Banks in North Dakota
X08CBMBTND • 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 Member Commercial Banks in North Dakota' is a key metric that tracks the total count of FDIC-insured commercial banks headquartered in the state. This data provides insight into the structure and competitiveness of North Dakota'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 total number of commercial banks with FDIC insurance that are headquartered in the state of North Dakota. It serves as an indicator of the size and concentration of the state's banking sector, which is important for understanding economic conditions and the availability of credit for businesses and consumers.
Methodology
The data is collected and published by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this metric to assess the health and dynamics of North Dakota's banking industry.
Key Facts
- North Dakota has over 50 FDIC-insured commercial banks.
- The number of banks in the state has declined by 25% since 2000.
- North Dakota has one of the highest bank concentration ratios in the U.S.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of FDIC-insured commercial banks that are headquartered in the state of North Dakota.
Q: Why is this trend relevant for users or analysts?
A: The number of banks in a state is an important indicator of the structure and competitiveness of the local banking industry, which has implications for business lending, consumer access to credit, and overall economic conditions.
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: Policymakers and analysts use this metric to assess the health and dynamics of North Dakota's banking sector, which can inform decisions around regulation, economic development, and credit availability.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically within a few weeks of the end of each quarter.
Related Trends
Number of Identified Exporters to Japan from North Dakota
NDJPNA475SCEN
Coefficient for Electric Power Carbon Dioxide Emissions, Coal (Electric Utility) for North Dakota
EMISSCO2CCLEIBNDA
All Employees: Health Care and Social Assistance in North Dakota
SMU38000006562000001A
Resident Population in North Dakota
NDPOP
Real Gross Domestic Product: Other Transportation Equipment Manufacturing (3364-3466, 3369) in North Dakota
NDOTRANEQMANRGSP
All Employees: Transportation and Utilities: Transportation and Warehousing in North Dakota
SMU38000004340008901SA
Citation
U.S. Federal Reserve, Number of Member Commercial Banks in North Dakota (X08CBMBTND), retrieved from FRED.