Number of National Member Commercial Banks in Delaware
X08CBMBNDE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15.00
Year-over-Year Change
-40.00%
Date Range
1/1/1914 - 1/1/1941
Summary
The Number of National Member Commercial Banks in Delaware tracks the total number of national banks operating in the state. This metric provides insight into the size and composition of Delaware's banking sector.
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 commercial banks headquartered or operating within the state of Delaware. It is a key indicator of the overall size and landscape of Delaware's banking industry.
Methodology
The data is collected and published by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this metric to monitor the competitive dynamics and health of Delaware's banking markets.
Key Facts
- Delaware has the most banks per capita of any U.S. state.
- The number of banks in Delaware has declined by over 50% since the 1980s.
- Delaware is home to the headquarters of many major credit card companies.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of national commercial banks headquartered or operating within the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: The number of banks in Delaware is a key indicator of the size and competitiveness of the state's banking sector, which is a major part of its economy.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor the health and dynamics of Delaware's banking markets, which can inform regulatory and economic development decisions.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with minimal delays, providing timely insights into Delaware's banking sector.
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Citation
U.S. Federal Reserve, Number of National Member Commercial Banks in Delaware (X08CBMBNDE), retrieved from FRED.