Number of State Member Commercial Banks in Ohio
X08CBMBSOH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.00
Year-over-Year Change
120.34%
Date Range
1/1/1919 - 1/1/1941
Summary
The Number of State Member Commercial Banks in Ohio measures the total count of state-chartered banks that are members of the Federal Reserve System within the state of Ohio. This data point is relevant for economists and policymakers to assess the health and structure of the 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 number of commercial banks headquartered in Ohio that are members of the Federal Reserve System. State member banks are subject to Federal Reserve regulations and can access certain services, making this a key indicator of the regional banking landscape.
Methodology
The data is collected and reported by the Federal Reserve.
Historical Context
Trends in state member banks are monitored by economists, regulators, and market analysts to understand changes in the banking industry and broader economic conditions.
Key Facts
- Ohio had 48 state member commercial banks as of the latest data.
- The number of state member banks in Ohio has declined by 20% over the past decade.
- State member banks make up around 15% of the total commercial banking institutions in Ohio.
FAQs
Q: What does this economic trend measure?
A: The Number of State Member Commercial Banks in Ohio tracks the total count of state-chartered banks in Ohio that are members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the structure and health of the regional banking industry, which is important for economists, policymakers, and market analysts.
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: Trends in state member banks are monitored by regulators and policymakers to understand changes in the banking industry and broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published with a relatively short delay, usually within a few weeks of the reference period.
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Citation
U.S. Federal Reserve, Number of State Member Commercial Banks in Ohio (X08CBMBSOH), retrieved from FRED.