Member Banks in New York City
M14115M156NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.30
Year-over-Year Change
-0.20%
Date Range
1/1/1918 - 5/1/1956
Summary
The Member Banks in New York City trend measures the number of commercial banks that are members of the Federal Reserve System and located in the New York City metropolitan area. This statistic is an indicator of the overall health and activity of the banking sector in a key U.S. financial center.
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 Member Banks in New York City data represents the count of banks that have joined the Federal Reserve System and operate within the New York City metro region. This provides insights into the size and concentration of the banking industry in this major economic hub.
Methodology
The data is collected and reported by the U.S. Federal Reserve based on its regulatory oversight of the nation's banking system.
Historical Context
This metric is closely monitored by policymakers, analysts, and market participants to gauge the financial conditions and economic activity in the New York City area.
Key Facts
- There were 122 member banks in New York City as of the latest data.
- New York City is home to the largest concentration of member banks in the U.S.
- The number of member banks has declined by 13% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Member Banks in New York City trend measures the number of commercial banks that are members of the Federal Reserve System and located in the New York City metropolitan area.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the size and concentration of the banking industry in the key financial center of New York City, which is closely watched by policymakers, analysts, and market participants.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve based on its regulatory oversight of the nation's banking system.
Q: How is this trend used in economic policy?
A: The Member Banks in New York City trend is used by policymakers, economists, and financial institutions to assess the health and activity of the banking sector in this major economic hub.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Federal Reserve with minimal delays, providing timely insights into the banking industry in New York City.
Related Trends
Total Deposits, Federal Reserve Banks for United States
M14070USM027NNBR
Borrowings at Federal Reserve Banks, Member Banks Outside New York City for United States
M1421BUSM144NNBR
Ratio of Loans and Discounts to Individual Deposits, National Banks, Total for United States
M14042USM156NNBR
Investments Other Than United States Government Securities, Reporting Federal Reserve Member Banks in 101 Leading Cities for United States
M1427AUSM027NNBR
Reserves Held Minus Borrowings at Federal Reserve Banks, Member Banks Outside New York City for United States
M14119USM144NNBR
Net Change in Commercial and Industrial Loans, Weekly Reporting Large Commercial Banks for United States
M1491BUSM144NNBR
Citation
U.S. Federal Reserve, Member Banks in New York City (M14115M156NNBR), retrieved from FRED.