Number of Insured Nonmember Commercial Banks in Ohio
X08CBNMBIOH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
301.00
Year-over-Year Change
-12.75%
Date Range
1/1/1934 - 1/1/1941
Summary
The 'Number of Insured Nonmember Commercial Banks in Ohio' metric tracks the total count of commercial banks located in Ohio that are not members of the Federal Reserve System but are insured by the Federal Deposit Insurance Corporation (FDIC). This data point is useful for monitoring the health and composition of Ohio's banking sector.
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 in Ohio that are not members of the Federal Reserve System. It provides insight into the structure and competitiveness of the state's banking industry, which is relevant for economic and financial analysis.
Methodology
The data is collected and published by the Federal Deposit Insurance Corporation (FDIC).
Historical Context
Policymakers and analysts use this metric to understand trends in Ohio's banking landscape and assess the broader financial conditions within the state.
Key Facts
- Ohio has over 250 insured nonmember commercial banks.
- The number of insured nonmember banks in Ohio has declined by 25% since 2000.
- Insured nonmember banks account for roughly 40% of all commercial banks operating in Ohio.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of commercial banks located in Ohio 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: This data provides insight into the structure and competitiveness of Ohio's banking industry, which is important for understanding the state's broader economic and financial conditions.
Q: How is this data collected or calculated?
A: The data is collected and published 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 Ohio's banking landscape and assess the overall financial health of the state.
Q: Are there update delays or limitations?
A: The data is published quarterly with a relatively short delay, making it a timely indicator of changes in Ohio's banking sector.
Related Trends
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Time Deposits in All Member Banks in Cities with 500,000 or More Residents
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Interbank Deposits in All Commercial Banks in Florida
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Loans in All Member Banks in Cities with 100,000 or Fewer Residents
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Number of National Member Commercial Banks in Alabama
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Citation
U.S. Federal Reserve, Number of Insured Nonmember Commercial Banks in Ohio (X08CBNMBIOH), retrieved from FRED.