Number of Noninsured Nonmember Commercial Banks in Missouri
X08CBNMBNIMO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
41.00
Year-over-Year Change
-44.59%
Date Range
1/1/1934 - 1/1/1941
Summary
The Number of Noninsured Nonmember Commercial Banks in Missouri tracks the count of commercial banks in Missouri that are not members of the Federal Reserve System and do not have deposit insurance from 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 data series provides insight into the composition of the banking industry in Missouri, specifically the segment of commercial banks operating outside the federal banking regulatory framework. Understanding trends in this metric can inform analysis of market competition, regulatory compliance, and financial stability in the state.
Methodology
The data is collected through regulatory reporting by commercial banks to the Federal Reserve.
Historical Context
Policymakers and economists use this metric to monitor the evolving structure of the banking sector and assess the potential risks or vulnerabilities in Missouri's financial system.
Key Facts
- There were 32 noninsured nonmember commercial banks in Missouri as of the latest data.
- The number of these banks has declined by 20% over the past 5 years.
- Missouri has the 6th highest number of noninsured nonmember commercial banks among U.S. states.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial banks in Missouri that are not members of the Federal Reserve System and do not have deposit insurance from the FDIC.
Q: Why is this trend relevant for users or analysts?
A: Tracking the number of noninsured nonmember commercial banks provides insight into the structure and regulation of Missouri's banking industry, which is important for understanding financial stability and market competition.
Q: How is this data collected or calculated?
A: The data is collected through regulatory reporting by commercial banks to the Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to monitor the evolving structure of the banking sector and assess potential risks or vulnerabilities in Missouri's financial system.
Q: Are there update delays or limitations?
A: The data is updated quarterly, and there may be lags in reporting from some institutions.
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Citation
U.S. Federal Reserve, Number of Noninsured Nonmember Commercial Banks in Missouri (X08CBNMBNIMO), retrieved from FRED.