Number of Member Commercial Banks in Massachusetts
X08CBMBTMA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
153.00
Year-over-Year Change
-11.56%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Number of Member Commercial Banks in Massachusetts' series tracks the total number of commercial banks located in the state of Massachusetts that are members of the Federal Reserve System.
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 economic indicator provides insights into the structure and composition of the banking industry in Massachusetts. It is commonly used by economists, policymakers, and financial analysts to understand trends in regional banking market concentration and access to financial services.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
This trend is relevant for monitoring the competitive landscape and regulatory environment of the Massachusetts banking sector.
Key Facts
- Massachusetts has over 100 member commercial banks.
- The number of banks has declined by 25% since 2000.
- Community banks make up the majority of member banks in the state.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of commercial banks located in Massachusetts that are members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the structure and competitiveness of the Massachusetts banking industry, which is important for understanding regional economic conditions and financial service access.
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 regulators use this information to monitor the banking landscape and assess the potential impacts of policy changes on regional financial markets.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delays, though it may not capture all institutions due to the criteria for Federal Reserve membership.
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Citation
U.S. Federal Reserve, Number of Member Commercial Banks in Massachusetts (X08CBMBTMA), retrieved from FRED.