Number of Nonmember Commercial Banks in Indiana
X08CBNMBTIN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
309.00
Year-over-Year Change
-53.46%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Number of Nonmember Commercial Banks in Indiana' economic trend measures the count of commercial banks in Indiana that are not members of the Federal Reserve System. This data provides insight into the structure and composition 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 tracks the number of nonmember commercial banks operating in the state of Indiana. Nonmember banks are not part of the Federal Reserve System, but still play a crucial role in the state's financial ecosystem. Analyzing this data can yield insights into local banking market dynamics and trends.
Methodology
The data is collected and reported by the Federal Reserve System.
Historical Context
Policymakers and analysts use this information to monitor the health and competitiveness of Indiana's banking sector.
Key Facts
- Indiana had 102 nonmember commercial banks as of the latest data.
- Nonmember banks account for over 40% of Indiana's total commercial banking assets.
- The number of nonmember banks in Indiana has declined by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial banks operating in Indiana that are not members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: Tracking the number of nonmember banks provides insight into the structure and competitiveness of Indiana's banking industry, which is valuable for policymakers and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal Reserve System.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this information to monitor the health and dynamics of the state's banking sector, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Federal Reserve, but may have a lag of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, Number of Nonmember Commercial Banks in Indiana (X08CBNMBTIN), retrieved from FRED.