Name Studies are regulatory filings during which industrial banks report their property, liabilities, earnings, and different info. They’re one of many most-used knowledge sources in banking and finance. On this put up, we describe a new dataset made out there on the Federal Reserve Financial institution of New York’s web site that comprises time-consistent steadiness sheets and earnings statements for industrial banks in the US from 1959 to 2025.
What Are Name Studies?
A name report is a regulatory submitting submitted by a financial institution to a regulatory company that gives details about the financial institution’s monetary well being. Sometimes, Name Studies include info on a financial institution’s steadiness sheet resembling an earnings assertion and different info regarding the financial institution’s variety of workers or off-balance sheet exposures. Name Studies are utilized by regulatory businesses to observe the situation, efficiency, and danger profile of particular person establishments and the business as an entire. Additional, by advantage of being publicly out there, Name Studies permit the broader public to evaluate the efficiency of the banking sector in a clear method.
Name Studies have been collected by financial institution regulatory businesses in the US at the very least since 1863. For example, as mentioned on this earlier put up, nationwide banks offered Name Studies, which have been collected by the Workplace of the Comptroller of the Forex (OCC), through the Nationwide Banking Period. Within the present U.S. banking system, nationwide banks, state member banks, financial savings associations, and state non-member banks which are members of the Federal Deposit Insurance coverage Company (FDIC) are required to file the Federal Monetary Establishments Examination Council’s (FFIEC) “Consolidated Studies of Situation and Earnings.”
A New Dataset
We now describe a brand new dataset that makes use of name stories filed by industrial banks from 1959 to 2025. The important thing benefit of our dataset over current knowledge out there by means of the Federal Reserve Financial institution of Chicago or the FFIEC is that our knowledge cowl an extended time horizon, beginning in 1959 relatively than 1976, and increasing to 2025. Furthermore, we standardize key steadiness sheet gadgets throughout time.
The chart beneath exhibits the variety of establishments that file the decision report since 1959 by financial institution kind. The variety of respondents peaked within the early Nineteen Eighties at nearly 15,000. Since then, following the deregulation and consolidation of the U.S. banking panorama, there are actually round 5,000 respondents as of 2024.
The Variety of Name Report Respondents Peaked within the Early Nineteen Eighties
Name Report varieties have develop into more and more detailed over time. We use the aggregation stage prevailing through the Nineteen Sixties as the bottom and create time-consistent line gadgets which account for varied modifications within the reporting varieties since then. Our remaining knowledge comprises steadiness sheet line gadgets resembling money, securities, loans, and different gadgets on the asset facet, and deposits, federal funds bought, and different borrowed cash amongst different gadgets on the legal responsibility facet (see the chart beneath for the evolution of broad classes of property and liabilities since 1959). The information additionally report financial institution earnings assertion variables which distinguish between curiosity on loans and securities, and repair fees on the earnings facet, and worker salaries and advantages, curiosity on deposits, and the price of mounted property on the expense facet. Furthermore, as described in additional element within the knowledge documentation, the info additionally include extra granular variables resembling loans by strains of enterprise and deposits by maturity, and plenty of different granular line gadgets.
What Can We Be taught from the Lengthy Panel?`
Our remaining dataset comprises detailed info from greater than 2.5 million quarterly monetary statements for greater than 24,000 distinctive banks from 1959 to 2025. The information can function a supply for analysis by lecturers and practitioners to generate insights into the dynamics within the U.S. banking sector. For instance of how the info can be utilized, a current Workers Report by Correia, Luck, and Verner (2024) (forthcoming within the Quarterly Journal of Economics) makes use of the info to uncover commonalities in failing banks (additionally mentioned in a collection of posts on Liberty Road Economics (Link1, Link2, and Link3).
Sharing the Knowledge
This put up marks the discharge of this dataset on the financial institution’s public web site— Steadiness Sheets and Earnings Statements of Industrial Banks: 1959 to 2025.
Sergio Correia is a senior economist on the Federal Reserve Financial institution of Richmond.
Tiffany Fermin is a former analysis analyst within the Federal Reserve Financial institution of New York’s Analysis and Statistics Group.
Stephan Luck is a monetary analysis advisor within the Federal Reserve Financial institution of New York’s Analysis and Statistics Group.
Emil Verner is the Lemelson Professor of Administration and Monetary Economics and a professor of finance at MIT Sloan College of Administration.
Learn how to cite this put up:
Sergio Correia, Tiffany Fermin, Stephan Luck, and Emil Verner, “A New Public Knowledge Supply: Name Studies from 1959 to 2025,” Federal Reserve Financial institution of New York Liberty Road Economics, December 22, 2025, https://doi.org/10.59576/lse.20251222
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Disclaimer
The views expressed on this put up are these of the writer(s) and don’t essentially mirror the place of the Federal Reserve Financial institution of New York or the Federal Reserve System. Any errors or omissions are the accountability of the writer(s).
