Number of Noninsured Nonmember Commercial Banks in California
X08CBNMBNICA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
31.00
Year-over-Year Change
14.81%
Date Range
1/1/1934 - 1/1/1941
Summary
This economic trend measures the number of noninsured, nonmember commercial banks operating in the state of California. It provides insights into the structure and composition of the state'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
The Number of Noninsured Nonmember Commercial Banks in California metric tracks the count of commercial banks that are not members of the Federal Reserve System and do not have deposit insurance provided by the Federal Deposit Insurance Corporation (FDIC). This data point is useful for analyzing the landscape of California's banking industry.
Methodology
The data is collected directly from regulatory filings and banking industry records.
Historical Context
Policymakers and financial analysts use this metric to monitor the health and stability of California's commercial banking system.
Key Facts
- California has the largest state banking system in the U.S.
- The number of noninsured, nonmember banks has declined over the past decade.
- Noninsured banks are not subject to the same regulatory oversight as FDIC-insured institutions.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of commercial banks operating in California that are not members of the Federal Reserve System and do not have FDIC deposit insurance.
Q: Why is this trend relevant for users or analysts?
A: The number of noninsured, nonmember banks provides insights into the structure and stability of California's banking sector, which is useful for policymakers and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from regulatory filings and banking industry records.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this metric to monitor the health and stability of California's commercial banking system.
Q: Are there update delays or limitations?
A: There may be delays in reporting or changes to the underlying data collection methods, which could affect the timeliness and reliability of this economic indicator.
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Citation
U.S. Federal Reserve, Number of Noninsured Nonmember Commercial Banks in California (X08CBNMBNICA), retrieved from FRED.