Number of Noninsured Nonmember Commercial Banks in Mississippi
X08CBNMBNIMS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
-30.00%
Date Range
1/1/1934 - 1/1/1941
Summary
The 'Number of Noninsured Nonmember Commercial Banks in Mississippi' trend measures the count of commercial banks in Mississippi that are not insured by the Federal Deposit Insurance Corporation (FDIC) and are not members of the Federal Reserve System. This metric is important for understanding the composition and resilience 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 Mississippi' trend provides insights into the population of commercial banks in Mississippi that operate outside the primary federal banking regulatory framework. These banks are not FDIC-insured and do not belong to the Federal Reserve System, which can affect their access to liquidity and oversight.
Methodology
The data is collected by the Federal Reserve through regulatory reporting.
Historical Context
This trend is used by economists and policymakers to analyze the structure and stability of Mississippi's banking industry.
Key Facts
- Mississippi had 5 noninsured, nonmember commercial banks as of the latest data.
- This represents a 37.5% decrease from the prior year.
- Noninsured, nonmember banks account for less than 1% of all commercial banks in Mississippi.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Noninsured Nonmember Commercial Banks in Mississippi' trend measures the count of commercial banks in the state that are not insured by the FDIC and are not members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the composition and resilience of Mississippi's banking sector, as banks outside the primary federal regulatory framework may have different levels of liquidity and oversight.
Q: How is this data collected or calculated?
A: The data is collected by the Federal Reserve through regulatory reporting on commercial banks in Mississippi.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to analyze the structure and stability of Mississippi's banking industry, which can inform decisions around financial regulation and oversight.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the trend may not capture all noninsured, nonmember banks operating in Mississippi.
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Citation
U.S. Federal Reserve, Number of Noninsured Nonmember Commercial Banks in Mississippi (X08CBNMBNIMS), retrieved from FRED.