All Member Banks, Principal Assets and Liabilities: Number of Banks
NUMBANK • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,619.00
Year-over-Year Change
4.38%
Date Range
12/1/1914 - 12/1/1941
Summary
The 'All Member Banks, Principal Assets and Liabilities: Number of Banks' trend measures the total number of banks that are members of the Federal Reserve System. This data is important for economists and policymakers to track the health and structure 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 series represents the total count of banks that are part of the Federal Reserve's membership program. It provides insight into the overall size and composition of the U.S. banking sector, which is a critical component of the broader economy.
Methodology
The Federal Reserve collects this data directly from member banks.
Historical Context
Policymakers and analysts use this trend to monitor the stability and evolution of the U.S. banking system.
Key Facts
- The number of member banks has declined from over 13,000 in the 1980s to around 5,000 today.
- Bank consolidation has been a long-term trend, with mergers and acquisitions reducing the total number of banks.
- Member banks hold over 70% of total U.S. banking assets.
FAQs
Q: What does this economic trend measure?
A: The 'All Member Banks, Principal Assets and Liabilities: Number of Banks' trend measures the total count of banks that are members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the overall size and structure of the U.S. banking industry, which is a critical component of the broader economy.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data directly from its member banks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the stability and evolution of the U.S. banking system, which is essential for maintaining financial stability and supporting economic growth.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delay, providing timely insights into the U.S. banking sector.
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Citation
U.S. Federal Reserve, All Member Banks, Principal Assets and Liabilities: Number of Banks (NUMBANK), retrieved from FRED.