Number of Nonmember Commercial Banks in Wisconsin
X08CBNMBTWI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
423.00
Year-over-Year Change
-35.02%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Number of Nonmember Commercial Banks in Wisconsin' tracks the total number of commercial banks located in Wisconsin that are not members of the Federal Reserve System. This metric is important for economists and policymakers to understand the structure and dynamics 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 measures the total count of nonmember commercial banks operating in the state of Wisconsin. Nonmember banks are those that have chosen not to join the Federal Reserve System, unlike member banks. Tracking this data provides insights into the overall banking landscape and competitive environment within the state.
Methodology
The data is collected and reported by the Federal Reserve Bank of Chicago.
Historical Context
Trends in the number of nonmember banks are closely monitored by banking regulators and analysts to assess market concentration and competition.
Key Facts
- Wisconsin had 48 nonmember commercial banks as of the latest data.
- Nonmember banks account for over one-third of all commercial banks in Wisconsin.
- The number of nonmember banks in Wisconsin has declined by 16% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial banks located in Wisconsin 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 insights into the structure and competitiveness of Wisconsin's banking industry, which is relevant for regulators, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal Reserve Bank of Chicago.
Q: How is this trend used in economic policy?
A: Trends in nonmember bank counts are monitored by banking regulators and analysts to assess market concentration and competition within the state.
Q: Are there update delays or limitations?
A: The data is released on a regular basis with minimal delays, providing timely insights into the Wisconsin banking landscape.
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Citation
U.S. Federal Reserve, Number of Nonmember Commercial Banks in Wisconsin (X08CBNMBTWI), retrieved from FRED.