Number of National Member Commercial Banks in Louisiana
X08CBMBNLA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.00
Year-over-Year Change
-6.45%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Number of National Member Commercial Banks in Louisiana' trend tracks the total number of commercial banks that are members of the Federal Reserve System and headquartered in Louisiana. This metric provides insight into the structure and health of Louisiana'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 count of all national commercial banks that are part of the Federal Reserve System and operate their main offices in the state of Louisiana. It is a key indicator of the size and consolidation of the banking sector within the state.
Methodology
The data is collected and reported by the Federal Reserve from its administrative records of member bank registrations.
Historical Context
Policymakers and analysts use this trend to monitor the competitive landscape and structural changes in Louisiana's banking market.
Key Facts
- The number of national member banks in Louisiana has declined from over 300 in the 1980s to around 100 today.
- Bank consolidation has been driven by mergers and acquisitions, leading to fewer but larger financial institutions.
- Louisiana's banking industry is an important part of the state's economy, providing financing for businesses and consumers.
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 headquartered in the state of Louisiana.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the structure and competitiveness of Louisiana's banking industry, which is an important driver of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal Reserve from its administrative records of member bank registrations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor changes in the competitive landscape and consolidation of the banking sector within Louisiana.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delay, providing timely insight into the state's banking industry.
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Citation
U.S. Federal Reserve, Number of National Member Commercial Banks in Louisiana (X08CBMBNLA), retrieved from FRED.