Number of Commercial Banks in North Carolina
X08CBTNC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
228.00
Year-over-Year Change
-52.10%
Date Range
1/1/1914 - 1/1/1941
Summary
The Number of Commercial Banks in North Carolina is an important economic indicator that tracks the total number of commercial banks headquartered or operating within the state. This metric is closely monitored by economists and policymakers to assess financial system stability and economic growth in the region.
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
The Number of Commercial Banks in North Carolina represents the total count of institutions that are licensed to provide commercial banking services to consumers and businesses in the state. This statistic is used to analyze the competitive landscape, financial health, and accessibility of banking resources for North Carolina's economy.
Methodology
The data is collected by the U.S. Federal Reserve through its regulatory oversight of the nation's banking system.
Historical Context
Trends in the number of commercial banks are closely watched by economic analysts, investors, and policymakers to gauge North Carolina's financial sector and broader economic conditions.
Key Facts
- North Carolina had 104 commercial banks as of the latest data.
- The number of banks in the state has declined by 35% since 2010.
- Bank consolidation is a key trend impacting North Carolina's financial landscape.
FAQs
Q: What does this economic trend measure?
A: The Number of Commercial Banks in North Carolina tracks the total count of financial institutions licensed to provide commercial banking services within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely monitored to assess the stability, competitiveness, and accessibility of North Carolina's banking system and broader economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through its regulatory oversight of the nation's banking sector.
Q: How is this trend used in economic policy?
A: Trends in the number of commercial banks are analyzed by policymakers, economists, and investors to gauge financial system health and broader economic conditions in North Carolina.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 1-2 months after the end of the reporting period.
Related Trends
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All Employees: Durable Goods: Fabricated Metal Product Manufacturing in North Carolina
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Not in Labor Force: Discouraged Workers for North Carolina
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NCCHEMMANNGSP
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Citation
U.S. Federal Reserve, Number of Commercial Banks in North Carolina (X08CBTNC), retrieved from FRED.