Number of Nonmember Commercial Banks in Mississippi
X08CBNMBTMS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
181.00
Year-over-Year Change
-35.13%
Date Range
1/1/1914 - 1/1/1941
Summary
The Number of Nonmember Commercial Banks in Mississippi measures the total count of state-chartered banks in Mississippi that are not members of the Federal Reserve System. This provides insights into the state's banking industry composition and dynamics.
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 tracks the number of nonmember commercial banks, which are state-chartered banks that operate independently from the Federal Reserve. Monitoring this trend can offer valuable perspectives on the evolution and competitiveness of Mississippi's banking landscape.
Methodology
The data is collected by the Federal Reserve through its regular surveys and regulatory reporting from banks.
Historical Context
Policymakers and analysts use this metric to assess the health and structure of Mississippi's banking sector.
Key Facts
- Mississippi had 63 nonmember commercial banks as of the latest data.
- Nonmember banks account for over 60% of all commercial banks in Mississippi.
- The number of nonmember banks in Mississippi has declined by 20% since 2010.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of state-chartered commercial banks in Mississippi that are not members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: Tracking the number of nonmember banks provides insights into the structure and competitiveness of Mississippi's banking industry, which is valuable for policymakers and market participants.
Q: How is this data collected or calculated?
A: The data is collected by the Federal Reserve through its regular surveys and regulatory reporting from banks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and evolution of Mississippi's banking sector, which informs decisions related to financial regulation and economic development.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, but there may be some delays in reporting the latest figures.
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Citation
U.S. Federal Reserve, Number of Nonmember Commercial Banks in Mississippi (X08CBNMBTMS), retrieved from FRED.