Number of Noninsured Nonmember Commercial Banks in Connecticut
X08CBNMBNICT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.00
Year-over-Year Change
-11.76%
Date Range
1/1/1934 - 1/1/1941
Summary
The Number of Noninsured Nonmember Commercial Banks in Connecticut tracks the count of commercial banks operating in the state that are not members of the Federal Reserve System and do not have deposit insurance.
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 provides insight into the structure and dynamics of Connecticut's banking sector. It is used by economists and policymakers to monitor changes in the state's financial landscape and assess the potential risks or vulnerabilities faced by uninsured banks.
Methodology
The data is collected and reported by the Federal Reserve.
Historical Context
This trend is relevant for understanding the regulatory environment and competitive pressures facing Connecticut's commercial banking industry.
Key Facts
- Connecticut had 6 noninsured nonmember commercial banks as of the latest data.
- Noninsured banks face higher risk and funding costs than FDIC-insured institutions.
- The number of noninsured banks in Connecticut has declined by 40% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial banks operating in Connecticut that are not members of the Federal Reserve System and do not have deposit insurance from the FDIC.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the structure and stability of Connecticut's banking sector, which is important for understanding financial risks and the competitive landscape.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this data to monitor the health and evolution of Connecticut's banking industry, which informs decisions around financial regulation and oversight.
Q: Are there update delays or limitations?
A: There may be lags in reporting the latest data, and the series only covers a specific subset of banks in Connecticut.
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Citation
U.S. Federal Reserve, Number of Noninsured Nonmember Commercial Banks in Connecticut (X08CBNMBNICT), retrieved from FRED.