Conversions from Private Banks into Nonmember Incorporated Commercial Banks
X14NICBCPBI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-93.75%
Date Range
1/1/1921 - 1/1/1941
Summary
This economic trend measures the monthly conversions from private banks into nonmember incorporated commercial banks in the United States. It provides insights into the structural changes within the 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 'Conversions from Private Banks into Nonmember Incorporated Commercial Banks' series tracks the number of banks that transition from private to nonmember incorporated commercial bank status. This metric is used by economists and policymakers to analyze the evolving landscape of the U.S. banking system.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on reports from commercial banks.
Historical Context
This trend is relevant for understanding the dynamics of the U.S. banking market and informing regulatory and policy decisions.
Key Facts
- The U.S. had over 14,000 commercial banks in 1984.
- Nonmember commercial banks are not members of the Federal Reserve System.
- The number of commercial banks in the U.S. has declined by over 60% since the 1980s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly number of conversions from private banks to nonmember incorporated commercial banks in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the evolving structure of the U.S. banking industry, which is useful for economists, policymakers, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on reports from commercial banks.
Q: How is this trend used in economic policy?
A: This trend is used to inform regulatory and policy decisions related to the U.S. banking market and financial system.
Q: Are there update delays or limitations?
A: The data is released monthly by the Federal Reserve with minimal delays, providing timely insights into the banking industry.
Related Trends
Other Securities in All Insured Commercial Banks in Cities with 500,000 or More Residents
X10AICBOSO5M
Other Deposits in Commercial Member Banks in Idaho
X08IOMBOID
Gross Demand Deposits in Member Banks in Places with at Least 15,000 Residents
X11GDDO15M
Total Interbank Deposits in All Member Banks
X10AMBIDT
Number of Noninsured Mutual Savings Banks in the United States
X08MSBNIUS
Reserves with Federal Reserve Banks for All Member Banks in Cities with 500,000 or More Residents
X10AMBRFO5M
Citation
U.S. Federal Reserve, Conversions from Private Banks into Nonmember Incorporated Commercial Banks (X14NICBCPBI), retrieved from FRED.