Member Banks in New York City for United States
M1417AUSM144NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,375.00
Year-over-Year Change
76.51%
Date Range
1/1/1918 - 12/1/1934
Summary
The 'Member Banks in New York City for United States' trend measures the number of commercial banks that are members of the Federal Reserve System located in New York City. This metric is important for tracking the health and consolidation of the U.S. banking sector.
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 series tracks the total number of member banks in New York City, which is a key financial center and home to many of the largest U.S. banks. The number of member banks reflects the size and concentration of the banking industry in this major metropolitan area.
Methodology
The data is collected and reported monthly by the U.S. Federal Reserve.
Historical Context
Analysts and policymakers monitor this trend to gauge the competitiveness and consolidation within the U.S. banking system.
Key Facts
- New York City is the largest banking center in the United States.
- The number of member banks has declined over the past two decades.
- Member banks are required to hold reserves at the Federal Reserve.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial banks that are members of the Federal Reserve System and located in New York City.
Q: Why is this trend relevant for users or analysts?
A: The number of member banks in New York City is an important indicator of the concentration and health of the U.S. banking industry, as New York is a major financial center.
Q: How is this data collected or calculated?
A: The data is collected and reported monthly by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to assess the competitiveness and consolidation within the U.S. banking system, which has implications for financial stability and access to credit.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis with no significant delays, providing timely information on the U.S. banking industry.
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Citation
U.S. Federal Reserve, Member Banks in New York City for United States (M1417AUSM144NNBR), retrieved from FRED.