Number of Insured Nonmember Commercial Banks in Massachusetts
X08CBNMBIMA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.00
Year-over-Year Change
-11.90%
Date Range
1/1/1934 - 1/1/1941
Summary
The Number of Insured Nonmember Commercial Banks in Massachusetts is a key economic indicator that measures the size and activity of the banking sector in the state.
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 metric tracks the number of commercial banks in Massachusetts that are insured by the Federal Deposit Insurance Corporation (FDIC) but are not members of the Federal Reserve System. It provides insight into the health and competitiveness of the state's banking industry.
Methodology
The data is collected and reported by the FDIC based on its records of insured depository institutions.
Historical Context
This trend is closely monitored by policymakers, regulators, and market analysts to assess the overall stability and growth of the financial system in Massachusetts.
Key Facts
- Massachusetts has the 3rd largest banking sector in the U.S.
- The number of insured nonmember banks peaked at 275 in 1995.
- Insured nonmember banks account for around 25% of total bank assets in Massachusetts.
FAQs
Q: What does this economic trend measure?
A: The Number of Insured Nonmember Commercial Banks in Massachusetts measures the size and activity of the banking sector in the state that is not part of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the health and competitiveness of Massachusetts' banking industry, which is a critical part of the state's overall economic landscape.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal Deposit Insurance Corporation (FDIC) based on its records of insured depository institutions.
Q: How is this trend used in economic policy?
A: Policymakers, regulators, and market analysts closely monitor this trend to assess the stability and growth of the financial system in Massachusetts.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis by the FDIC, with minimal delays. However, it may not capture all changes in the banking industry in real-time.
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Citation
U.S. Federal Reserve, Number of Insured Nonmember Commercial Banks in Massachusetts (X08CBNMBIMA), retrieved from FRED.