Number of Insured Nonmember Commercial Banks in Florida
X08CBNMBIFL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
107.00
Year-over-Year Change
17.58%
Date Range
1/1/1934 - 1/1/1941
Summary
The 'Number of Insured Nonmember Commercial Banks in Florida' tracks the count of insured commercial banks in Florida that are not members of the Federal Reserve System. This metric provides insight into the state's banking industry and economic activity.
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 insured commercial banks located in Florida that are not part of the Federal Reserve System. It offers a window into the size and composition of Florida's banking sector, which is an important driver of the state's economy.
Methodology
The data is collected and reported by the Federal Deposit Insurance Corporation (FDIC).
Historical Context
Policymakers and analysts use this metric to monitor trends in Florida's financial services industry and assess the state's broader economic conditions.
Key Facts
- There were 206 insured nonmember commercial banks in Florida as of 2022.
- Florida has the third-largest number of insured nonmember banks in the U.S.
- The number of insured nonmember banks in Florida has declined by 15% since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of insured commercial banks located in Florida that are not 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 composition of Florida's banking sector, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal Deposit Insurance Corporation (FDIC).
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor trends in Florida's financial services industry and assess the state's broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the FDIC, with minimal delays.
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Citation
U.S. Federal Reserve, Number of Insured Nonmember Commercial Banks in Florida (X08CBNMBIFL), retrieved from FRED.