Number of State Member Commercial Banks in Connecticut
X08CBMBSCT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
16.67%
Date Range
1/1/1919 - 1/1/1941
Summary
The 'Number of State Member Commercial Banks in Connecticut' trend tracks the count of commercial banks that are members of the Federal Reserve System in the state of Connecticut. This metric is important for economists and policymakers to monitor the health and structure of the state'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 measures the total number of state-chartered commercial banks in Connecticut that are members of the Federal Reserve System. It provides insight into the consolidation and structure of the state's banking sector, which is relevant for financial stability analysis and monetary policy decisions.
Methodology
The data is collected directly from Federal Reserve sources.
Historical Context
Policymakers and analysts use this trend to assess the competitive landscape and concentration in Connecticut's banking market.
Key Facts
- Connecticut had 27 state member commercial banks as of the latest data.
- The number of state member banks in Connecticut has declined by over 50% since the 1990s.
- Connecticut's state member banks hold over $60 billion in total assets.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of state-chartered commercial banks in Connecticut that are members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: The number of state member banks in Connecticut provides insight into the consolidation and structure of the state's banking industry, which is important for assessing financial stability and informing monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected directly from Federal Reserve sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the competitive landscape and concentration in Connecticut's banking market.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with minimal delays.
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Citation
U.S. Federal Reserve, Number of State Member Commercial Banks in Connecticut (X08CBMBSCT), retrieved from FRED.