Number of National Member Commercial Banks in the District of Columbia
X08CBMBNDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
-30.77%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Number of National Member Commercial Banks in the District of Columbia' metric tracks the total number of national banks that are members of the Federal Reserve System and operate in Washington, D.C. This data provides insights into the size and composition of the local 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 represents the count of national commercial banks that are members of the Federal Reserve System and headquartered in the District of Columbia. The number of member banks is an important indicator of the banking infrastructure and competitive dynamics within a specific geographic market.
Methodology
The data is collected by the Federal Reserve through its regulatory oversight of national banking institutions.
Historical Context
Policymakers and economists analyze this metric to understand the financial services landscape and assess the level of banking activity and competition in the nation's capital.
Key Facts
- The number of national member banks in DC has declined from over 30 in the 1980s to fewer than 10 today.
- Washington, D.C. has a smaller banking sector compared to other major U.S. metropolitan areas.
- National member banks are a subset of all commercial banks operating in the District of Columbia.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of national commercial banks that are members of the Federal Reserve System and headquartered in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: The number of national member banks is an important indicator of the banking infrastructure and competitive dynamics within the Washington, D.C. market, which is relevant for policymakers and economists analyzing the local financial services landscape.
Q: How is this data collected or calculated?
A: The data is collected by the Federal Reserve through its regulatory oversight of national banking institutions.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this metric to understand the financial services landscape and assess the level of banking activity and competition in the nation's capital.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with minimal delays, providing a timely view of the number of national member banks in Washington, D.C.
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Citation
U.S. Federal Reserve, Number of National Member Commercial Banks in the District of Columbia (X08CBMBNDC), retrieved from FRED.