Number of Commercial Banks in Kentucky
X08CBTKY • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
405.00
Year-over-Year Change
-33.72%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Number of Commercial Banks in Kentucky' series tracks the total number of commercial banks located in the state of Kentucky. This metric is important for economists and policymakers to monitor banking industry trends and access to financial services.
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 count of commercial banks that are headquartered and operating within the state of Kentucky. The number of banks is a key indicator of banking industry concentration, competition, and accessibility for businesses and consumers.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
The number of banks in a state is relevant for understanding regional economic conditions and the financial health of local markets.
Key Facts
- Kentucky had 144 commercial banks as of the latest data.
- The number of banks in Kentucky has declined by 31% over the past 10 years.
- Small and medium-sized banks make up the majority of the Kentucky banking market.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Commercial Banks in Kentucky' series tracks the total count of commercial banks that are headquartered and operating within the state of Kentucky.
Q: Why is this trend relevant for users or analysts?
A: The number of banks in a state is an important indicator of banking industry concentration, competition, and access to financial services for businesses and consumers.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor the number of banks in a state to understand regional economic conditions and the health of local financial markets.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically within a few months of the reporting period.
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Citation
U.S. Federal Reserve, Number of Commercial Banks in Kentucky (X08CBTKY), retrieved from FRED.