Number of Commercial Banks in Louisiana
X08CBTLA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
146.00
Year-over-Year Change
-41.13%
Date Range
1/1/1914 - 1/1/1941
Summary
The Number of Commercial Banks in Louisiana is an important economic indicator that tracks the total count of active commercial banks operating within the state of Louisiana. This metric provides insights into the health and dynamics of the local banking industry.
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 Commercial Banks in Louisiana represents the total number of commercial banks with their headquarters or primary branches located within the state of Louisiana. This data series is widely used by economists, policymakers, and financial analysts to assess the competitive landscape, access to capital, and overall economic conditions in the Louisiana market.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its comprehensive tracking of the U.S. banking system.
Historical Context
This trend is closely monitored by state and local governments, as well as industry groups, to understand banking sector trends and their potential impact on economic development and small business financing.
Key Facts
- Louisiana had 126 commercial banks as of the latest data.
- The number of commercial banks in Louisiana has declined by 23% over the past decade.
- Small and community banks make up the majority of the Louisiana banking market.
FAQs
Q: What does this economic trend measure?
A: The Number of Commercial Banks in Louisiana measures the total count of active commercial banks headquartered or operating primarily within the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the competitive landscape, access to capital, and overall health of the banking industry in Louisiana, which is crucial for understanding economic conditions and development in the state.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve through its comprehensive tracking of the U.S. banking system.
Q: How is this trend used in economic policy?
A: State and local governments, as well as industry groups, closely monitor this trend to understand banking sector dynamics and their potential impact on economic development and small business financing.
Q: Are there update delays or limitations?
A: The Number of Commercial Banks in Louisiana data is published regularly by the Federal Reserve, with minimal update delays. However, the data may not capture all small or non-traditional banking institutions operating in the state.
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Citation
U.S. Federal Reserve, Number of Commercial Banks in Louisiana (X08CBTLA), retrieved from FRED.