Number of Insured Nonmember Commercial Banks in North Carolina
X08CBNMBINC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
166.00
Year-over-Year Change
-9.29%
Date Range
1/1/1934 - 1/1/1941
Summary
The Number of Insured Nonmember Commercial Banks in North Carolina measures the total count of commercial banks in the state that are not members of the Federal Reserve System but are still insured by the FDIC.
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 provides insight into the structure and composition of the banking industry in North Carolina. It is used by economists and policymakers to analyze trends in the state's financial landscape and assess the reach of federal banking regulations.
Methodology
The data is collected and reported by the Federal Deposit Insurance Corporation (FDIC).
Historical Context
This metric is relevant for understanding the role of non-member banks in North Carolina's economy and their influence on local lending and financial services.
Key Facts
- North Carolina has over 100 insured nonmember commercial banks.
- Nonmember banks make up a significant portion of the state's banking sector.
- The number of insured nonmember banks has remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of commercial banks in North Carolina that are insured by the FDIC but are not members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: The number of insured nonmember banks in North Carolina provides insights into the structure and composition of the state's banking industry, which is relevant for economists, policymakers, and financial analysts.
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: This metric is used by economists and policymakers to understand the role of non-member banks in North Carolina's economy and their influence on local lending and financial services.
Q: Are there update delays or limitations?
A: The data is updated regularly by the FDIC, and there are no known significant delays or limitations in the reporting of this economic indicator.
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Citation
U.S. Federal Reserve, Number of Insured Nonmember Commercial Banks in North Carolina (X08CBNMBINC), retrieved from FRED.