Number of Insured Nonmember Commercial Banks in Pennsylvania
X08CBNMBIPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
274.00
Year-over-Year Change
-4.86%
Date Range
1/1/1934 - 1/1/1941
Summary
The Number of Insured Nonmember Commercial Banks in Pennsylvania tracks the count of commercial banks located in Pennsylvania that are not members of the Federal Reserve System but are insured by the Federal Deposit Insurance Corporation (FDIC). This metric provides insights into the structure and trends of the banking industry in 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
This series represents the total number of insured commercial banks in Pennsylvania that operate outside the Federal Reserve System. It is an important indicator of the competitive landscape and regulatory environment for the state's banking sector, which plays a crucial role in the broader economy.
Methodology
The data is collected and reported by the FDIC based on its supervision and insurance of non-member commercial banks.
Historical Context
Policymakers and analysts use this metric to assess the health and dynamics of Pennsylvania's banking industry and its implications for economic growth and financial stability.
Key Facts
- Pennsylvania has the fourth-largest number of insured nonmember commercial banks in the U.S.
- The number of insured nonmember banks in Pennsylvania has declined by over 30% since 2000.
- Nonmember banks account for approximately one-third of all commercial banks in Pennsylvania.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial banks located in Pennsylvania 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 metric provides insights into the structure and competitive dynamics of Pennsylvania's banking industry, which is crucial for understanding the state's financial landscape and economic growth.
Q: How is this data collected or calculated?
A: The data is collected and reported by the FDIC based on its supervision and insurance of non-member commercial banks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and dynamics of Pennsylvania's banking industry and its implications for economic growth and financial stability.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the FDIC, but there may be some delays in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Number of Insured Nonmember Commercial Banks in Pennsylvania (X08CBNMBIPA), retrieved from FRED.