Number of Insured Nonmember Commercial Banks in Texas
X08CBNMBITX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
255.00
Year-over-Year Change
-18.27%
Date Range
1/1/1934 - 1/1/1941
Summary
This economic trend measures the number of insured nonmember commercial banks operating in the state of Texas. It is an important indicator of the health and composition of the Texas 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
The Number of Insured Nonmember Commercial Banks in Texas tracks the total count of FDIC-insured commercial banks in Texas that are not members of the Federal Reserve System. This data provides insight into the structure and competitiveness of the state's banking industry.
Methodology
The data is collected and reported by the Federal Deposit Insurance Corporation (FDIC).
Historical Context
Policymakers and economists use this trend to assess the landscape of the Texas banking market.
Key Facts
- Texas has the second-largest economy in the United States.
- The banking industry is a crucial component of the Texas economy.
- Nonmember commercial banks are not part of the Federal Reserve System.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of FDIC-insured commercial banks operating in Texas that are not members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the structure and competitiveness of the Texas banking industry, which is an important component of the state's overall 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 economists use this trend to assess the landscape of the Texas banking market and inform decisions related to the financial sector.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the FDIC, but may be subject to occasional delays or revisions.
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Citation
U.S. Federal Reserve, Number of Insured Nonmember Commercial Banks in Texas (X08CBNMBITX), retrieved from FRED.