Number of National Member Commercial Banks in Wisconsin
X08CBMBNWI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.00
Year-over-Year Change
-24.43%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Number of National Member Commercial Banks in Wisconsin' tracks the count of federally chartered commercial banks located in the state of Wisconsin. This metric is closely monitored by economists and policymakers to gauge regional banking sector health and trends.
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 number of national banks in Wisconsin that are members of the Federal Reserve System. It provides insight into the structure and composition of the state's commercial banking industry over time.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
Tracking the number of banks in Wisconsin is relevant for understanding regional economic and financial conditions.
Key Facts
- Wisconsin had 250 national member commercial banks as of the latest data.
- The number of banks in Wisconsin has declined by 20% over the past decade.
- National member banks make up the majority of the state's commercial banking sector.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of national banks in Wisconsin that are members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the number of banks in a state provides insights into the structure and health of the regional commercial banking industry.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess regional banking sector conditions and trends that may inform economic and financial policies.
Q: Are there update delays or limitations?
A: The data is published with a short time lag and represents the most recently available information from the Federal Reserve.
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Citation
U.S. Federal Reserve, Number of National Member Commercial Banks in Wisconsin (X08CBMBNWI), retrieved from FRED.