Total Increases in the Number of State Member Banks
X14SMBINB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
169.00
Year-over-Year Change
382.86%
Date Range
1/1/1921 - 1/1/1941
Summary
The 'Total Increases in the Number of State Member Banks' series tracks changes in the number of banks that are members of the Federal Reserve System. This metric is important for monitoring the size and composition of the U.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
This economic indicator measures the total number of increases in state-chartered banks that have joined the Federal Reserve System. It provides insights into the expansion and growth dynamics within the U.S. banking sector, which is crucial for policymakers and financial analysts.
Methodology
The data is collected and reported by the Federal Reserve based on official bank enrollment records.
Historical Context
Policymakers and regulators use this metric to assess the financial health and market structure of the U.S. banking system.
Key Facts
- The U.S. has over 4,700 state-chartered banks.
- State member banks account for about 13% of all U.S. banks.
- Bank membership in the Federal Reserve System is voluntary.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of increases in state-chartered banks that have joined the Federal Reserve System as member banks.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the growth and expansion dynamics of the U.S. banking industry, which is crucial for policymakers, regulators, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal Reserve based on official bank enrollment records.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this metric to assess the financial health and market structure of the U.S. banking system.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delays, providing timely insights into the banking industry.
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Citation
U.S. Federal Reserve, Total Increases in the Number of State Member Banks (X14SMBINB), retrieved from FRED.