Number of Insured Nonmember Commercial Banks in Mississippi
X08CBNMBIMS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
174.00
Year-over-Year Change
-2.25%
Date Range
1/1/1934 - 1/1/1941
Summary
This trend measures the number of insured nonmember commercial banks operating in the state of Mississippi. It provides important insights into the banking industry landscape and financial conditions within the state.
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 Mississippi is a key metric for understanding the structure and composition of the banking sector in the state. It tracks the count of banks that are not members of the Federal Reserve System but are still federally insured.
Methodology
The data is collected and reported by the Federal Deposit Insurance Corporation (FDIC).
Historical Context
This trend is useful for policymakers, economists, and financial analysts to assess the competitiveness and accessibility of banking services in Mississippi.
Key Facts
- Mississippi had 55 insured nonmember commercial banks as of the latest data.
- The number of insured nonmember banks in Mississippi has declined by 12% over the past decade.
- Nonmember banks make up approximately 35% of all commercial banks operating in Mississippi.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of insured commercial banks in Mississippi that are not members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the structure and competitiveness of the banking industry within the state of Mississippi.
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 data to assess the accessibility and health of the banking sector in Mississippi.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not reflect the most recent changes in the banking industry.
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Citation
U.S. Federal Reserve, Number of Insured Nonmember Commercial Banks in Mississippi (X08CBNMBIMS), retrieved from FRED.