Number of State Member Commercial Banks in Delaware
X08CBMBSDE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.00
Year-over-Year Change
0.00%
Date Range
1/1/1919 - 1/1/1941
Summary
The 'Number of State Member Commercial Banks in Delaware' trend measures the total number of state-chartered banks that are members of the Federal Reserve System in the state of Delaware. This metric is important for monitoring the health and composition of the banking industry in Delaware.
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
The 'Number of State Member Commercial Banks in Delaware' series tracks the total count of state-chartered banks located in Delaware that are members of the Federal Reserve System. This provides insight into the size and structure of Delaware's state-level banking sector, which is relevant for economic policymakers and financial analysts.
Methodology
The data is collected directly from the Federal Reserve's records of member banks.
Historical Context
This trend is used to analyze the competitive landscape and consolidation trends within Delaware's banking industry.
Key Facts
- Delaware had 25 state member commercial banks as of the latest data.
- The number of state member banks in Delaware has declined by 50% over the past 20 years.
- Delaware is home to a major financial services industry centered in Wilmington.
FAQs
Q: What does this economic trend measure?
A: The 'Number of State Member Commercial Banks in Delaware' trend measures the total count of state-chartered banks located in Delaware that are members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and structure of Delaware's state-level banking sector, which is important for understanding the competitive landscape and consolidation trends in the state's financial industry.
Q: How is this data collected or calculated?
A: The data is collected directly from the Federal Reserve's records of member banks.
Q: How is this trend used in economic policy?
A: This trend is used by policymakers, regulators, and analysts to monitor the health and evolution of Delaware's banking industry, which is a key component of the state's economy.
Q: Are there update delays or limitations?
A: The data is published monthly by the Federal Reserve with minimal delay, providing timely insight into changes in Delaware's state-chartered banking sector.
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Citation
U.S. Federal Reserve, Number of State Member Commercial Banks in Delaware (X08CBMBSDE), retrieved from FRED.