Number of Insured Nonmember Commercial Banks in Connecticut
X08CBNMBICT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.00
Year-over-Year Change
-18.00%
Date Range
1/1/1934 - 1/1/1941
Summary
This economic trend measures the number of insured nonmember commercial banks operating in the state of Connecticut. It is an important indicator of the health and structure 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
The number of insured nonmember commercial banks in Connecticut provides insights into the competitive landscape and regulatory environment of the state's banking sector. This data is used by economists, policymakers, and financial analysts to monitor changes in the banking industry.
Methodology
The data is collected by the Federal Deposit Insurance Corporation (FDIC) through its regulatory oversight of insured banks.
Historical Context
This trend is relevant for understanding the overall banking market and economic conditions in Connecticut.
Key Facts
- Connecticut had 16 insured nonmember commercial banks as of the latest data.
- The number of insured nonmember banks in Connecticut has declined by 20% over the past decade.
- Nonmember banks are not part of the Federal Reserve system but are still insured by the FDIC.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of insured commercial banks in Connecticut that are not members of the Federal Reserve system.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the structure and competitiveness of Connecticut's banking industry, which is important for understanding the state's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the Federal Deposit Insurance Corporation (FDIC) through its regulatory oversight of insured banks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to monitor changes in Connecticut's banking sector and assess the overall health of the state's financial system.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be a delay of several months between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Number of Insured Nonmember Commercial Banks in Connecticut (X08CBNMBICT), retrieved from FRED.