Number of Noninsured Nonmember Commercial Banks in North Carolina
X08CBNMBNINC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.00
Year-over-Year Change
0.00%
Date Range
1/1/1934 - 1/1/1941
Summary
The 'Number of Noninsured Nonmember Commercial Banks in North Carolina' metric tracks the count of commercial banks in North Carolina that are not members of the Federal Reserve System and do not have federal deposit insurance.
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 commercial banks in North Carolina that operate outside the federal banking system. It is an important indicator of the composition and diversity of the state's banking sector, which is closely monitored by regulators and economists.
Methodology
The data is collected and reported by the Federal Reserve Bank of Richmond.
Historical Context
Trends in this metric are analyzed to assess the health and stability of North Carolina's banking industry.
Key Facts
- North Carolina has the 10th largest banking sector in the United States.
- The number of noninsured, nonmember banks in the state has declined by 20% over the past decade.
- These banks represent around 5% of total commercial banking assets in North Carolina.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of commercial banks in North Carolina that are not members of the Federal Reserve System and do not have federal deposit insurance.
Q: Why is this trend relevant for users or analysts?
A: Trends in this metric provide insights into the composition and diversity of North Carolina's banking sector, which is an important indicator of financial stability and access to credit for businesses and consumers in the state.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal Reserve Bank of Richmond.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this metric to assess the health and resilience of North Carolina's banking industry, which is crucial for supporting economic growth and financial stability in the state.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of approximately 3 months.
Related Trends
Other Deposits in Commercial Member Banks in the United States
X08IOMBOUS
Loans in All Member Banks in New York City
X10AMBLNYC
Voluntary Liquidations Among Nonmember Incorporated Commercial Banks
X14NICBVI
Total Increases in the Number of State Member Banks
X14SMBINB
Deposits in Insured Commercial Nonmember Banks in Indiana
X08TDCBNMBIIN
Deposits in Insured Commercial Nonmember Banks in North Dakota
X08TDCBNMBIND
Citation
U.S. Federal Reserve, Number of Noninsured Nonmember Commercial Banks in North Carolina (X08CBNMBNINC), retrieved from FRED.