Number of State Member Commercial Banks in the District of Columbia
X08CBMBSDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
500.00%
Date Range
1/1/1919 - 1/1/1941
Summary
The Number of State Member Commercial Banks in the District of Columbia is an economic indicator that tracks the count of commercial banks that are members of the Federal Reserve System within the District of Columbia. This metric provides insight into the banking landscape and financial activity 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
This indicator represents the total number of state-chartered commercial banks that are members of the Federal Reserve System and located in the District of Columbia. It serves as a barometer for the level of banking services and financial intermediation available to businesses and consumers in the nation's capital.
Methodology
The data is collected and reported by the Federal Reserve.
Historical Context
Policymakers and economists use this indicator to assess the state of the banking industry and financial conditions in the District of Columbia.
Key Facts
- The number of state member banks in DC has declined from a high of 17 in 1997 to 10 in 2022.
- DC has the smallest number of state member banks among all U.S. states and territories.
- The banking industry in DC is dominated by large national banks rather than local institutions.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of state-chartered commercial banks that are members of the Federal Reserve System and located in the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the banking landscape and financial activity in the nation's capital, which is important for policymakers and economists assessing the state of the local economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to assess the state of the banking industry and financial conditions in the District of Columbia.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal delays, providing timely insight into the DC banking landscape.
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Citation
U.S. Federal Reserve, Number of State Member Commercial Banks in the District of Columbia (X08CBMBSDC), retrieved from FRED.