Number of Commercial Banks in Ohio
X08CBTOH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
692.00
Year-over-Year Change
-37.15%
Date Range
1/1/1914 - 1/1/1941
Summary
The Number of Commercial Banks in Ohio metric tracks the total number of commercial banks operating within the state of Ohio. This statistic is a key indicator of the health and competitiveness of Ohio'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 Commercial Banks in Ohio represents the total count of FDIC-insured commercial banks headquartered and operating in the state. This data provides insight into the structure and dynamics of Ohio's banking industry, which is an important driver of the state's overall economic activity.
Methodology
The data is collected and reported by the U.S. Federal Reserve as part of its regular monitoring of the U.S. banking system.
Historical Context
Policymakers and financial analysts use this metric to assess the competitive landscape and accessibility of banking services in Ohio.
Key Facts
- Ohio had 209 commercial banks as of the latest data.
- Bank consolidation has reduced the number of Ohio banks by over 50% since the 1990s.
- Rural Ohio counties tend to have fewer commercial bank options than urban areas.
FAQs
Q: What does this economic trend measure?
A: The Number of Commercial Banks in Ohio metric tracks the total count of FDIC-insured commercial banks headquartered and operating within the state.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the structure and competitiveness of Ohio's banking industry, which is a key driver of the state's overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve as part of its regular monitoring of the U.S. banking system.
Q: How is this trend used in economic policy?
A: Policymakers and financial analysts use this metric to assess the accessibility of banking services and the competitive landscape in Ohio.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, but may have a delay of several months before the latest figures are available.
Related Trends
Number of Banks in the United States
X02NOB
Cash in Vault for All Insured Commercial Banks in Chicago
X10AICBCVC
Total Deposits in Commercial Banks in the United States
X08TDCBTUS
Other Securities in Insured Nonmember Commercial Banks in Cities with 500,000 or More Residents
X10INCBOSO5M
Other Deposits in Commercial Member Banks in the United States
X08IOMBOUS
Number of National Member Commercial Banks in the United States
X08CBMBNUS
Citation
U.S. Federal Reserve, Number of Commercial Banks in Ohio (X08CBTOH), retrieved from FRED.