National Banks in Federal Reserve District 9: Minneapolis
X15MDTPLNB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
364.00
Year-over-Year Change
-42.50%
Date Range
1/1/1916 - 1/1/1941
Summary
The 'National Banks in Federal Reserve District 9: Minneapolis' series tracks the number of national banks operating within the 9th Federal Reserve district, centered around Minneapolis. This metric is closely monitored by economists and policymakers to assess regional banking activity and financial system stability.
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 represents the total count of national banks headquartered or operating within the geographic boundaries of Federal Reserve District 9, which includes Minnesota, Montana, North and South Dakota, and portions of Michigan and Wisconsin. The Federal Reserve uses this data to analyze financial conditions and lending trends in the Minneapolis region.
Methodology
The Federal Reserve collects this data directly from member banks in District 9 on a monthly basis.
Historical Context
Trends in national bank counts help inform monetary policy decisions and provide insight into the economic health of the Minneapolis area.
Key Facts
- Minneapolis is home to the 9th Federal Reserve district headquarters.
- National banks make up a significant portion of the banking industry in District 9.
- Bank consolidation has led to a declining number of national banks in recent decades.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of national banks operating within the geographic boundaries of Federal Reserve District 9, centered around Minneapolis.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the count of national banks in the Minneapolis region provides insight into local financial conditions and lending activity, which is relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data directly from member banks in District 9 on a monthly basis.
Q: How is this trend used in economic policy?
A: Trends in national bank counts help inform monetary policy decisions and provide insight into the economic health of the Minneapolis area.
Q: Are there update delays or limitations?
A: The data is published monthly with minimal delay, providing timely insight into regional banking activity.
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Citation
U.S. Federal Reserve, National Banks in Federal Reserve District 9: Minneapolis (X15MDTPLNB), retrieved from FRED.