Number of Commercial Banks in Wisconsin
X08CBTWI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
565.00
Year-over-Year Change
-27.75%
Date Range
1/1/1914 - 1/1/1941
Summary
The Number of Commercial Banks in Wisconsin measures the total count of active commercial banks headquartered in the state. This trend provides insights into the structure and composition of Wisconsin's 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 Wisconsin represents the total number of FDIC-insured financial institutions with their main office located in the state. This metric is a key indicator of the competitive landscape and consolidation trends within Wisconsin's banking sector.
Methodology
The data is collected by the Federal Deposit Insurance Corporation (FDIC) through its regular reporting on the U.S. banking system.
Historical Context
Policymakers and economists monitor this trend to understand the dynamics of Wisconsin's financial services industry and its role in the state's economy.
Key Facts
- Wisconsin had 207 commercial banks as of the latest data.
- The number of banks in the state has declined by 34% since 2000.
- Wisconsin's banking sector accounts for over $180 billion in total assets.
FAQs
Q: What does this economic trend measure?
A: The Number of Commercial Banks in Wisconsin measures the total count of active FDIC-insured financial institutions headquartered in the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the structure and competitiveness of Wisconsin's banking industry, which is an important component of the state's overall economy.
Q: How is this data collected or calculated?
A: The data is collected by the Federal Deposit Insurance Corporation (FDIC) through its regular reporting on the U.S. banking system.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to understand the dynamics of Wisconsin's financial services sector and its role in the state's economic performance.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delays, providing timely insights into the Wisconsin banking landscape.
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Citation
U.S. Federal Reserve, Number of Commercial Banks in Wisconsin (X08CBTWI), retrieved from FRED.