Conversions to Private Banks from Nonmember Incorporated Commercial Banks
X14NICBCPBD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
200.00%
Date Range
1/1/1922 - 1/1/1932
Summary
This economic trend measures the number of nonmember incorporated commercial banks that convert to become private member banks. It provides insight into changes in the U.S. banking industry structure.
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 Conversions to Private Banks from Nonmember Incorporated Commercial Banks series tracks the number of nonmember banks that transition to become member banks of the Federal Reserve System. This data point is used by economists and policymakers to analyze structural shifts in the banking sector.
Methodology
The data is collected by the U.S. Federal Reserve through its monitoring of bank charter changes.
Historical Context
This trend is relevant for understanding dynamics in the U.S. banking market and informing financial regulatory policy.
Key Facts
- Nonmember banks can voluntarily join the Federal Reserve System.
- Conversions provide insight into the evolving U.S. banking landscape.
- This data is used to monitor changes in bank industry structure.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of nonmember incorporated commercial banks that convert to become private member banks of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into structural changes in the U.S. banking industry, which is useful for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through its monitoring of bank charter changes.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding dynamics in the U.S. banking market and informing financial regulatory policy.
Q: Are there update delays or limitations?
A: There may be some delay in the reporting of this data, as it depends on the Federal Reserve's monitoring and publication schedule.
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Citation
U.S. Federal Reserve, Conversions to Private Banks from Nonmember Incorporated Commercial Banks (X14NICBCPBD), retrieved from FRED.