Number of State Member Commercial Banks in Maryland
X08CBMBSMD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.00
Year-over-Year Change
57.14%
Date Range
1/1/1919 - 1/1/1941
Summary
The 'Number of State Member Commercial Banks in Maryland' trend measures the total number of state-chartered commercial banks that are members of the Federal Reserve System within the state of Maryland. This data provides insights into the structure and composition of Maryland's 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
The 'Number of State Member Commercial Banks in Maryland' metric tracks the count of Maryland-based commercial banks that have chosen to become members of the Federal Reserve. This membership status indicates that these banks operate under the Fed's regulatory oversight and can access its services and facilities.
Methodology
The data is collected by the Federal Reserve through its regular monitoring and reporting of the U.S. banking system.
Historical Context
Policymakers and economists analyze this trend to understand the landscape of Maryland's banking sector and its potential implications for economic activity and financial stability within the state.
Key Facts
- Maryland had 53 state member commercial banks as of the latest data.
- State member banks must meet higher capital requirements than non-member banks.
- The number of state member banks in Maryland has declined over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Number of State Member Commercial Banks in Maryland' trend measures the total count of state-chartered commercial banks in Maryland that are members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the structure and composition of Maryland's banking industry, which is important for policymakers, economists, and analysts seeking to understand the state's financial landscape and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the Federal Reserve through its regular monitoring and reporting of the U.S. banking system.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to understand the landscape of Maryland's banking sector and its potential implications for economic activity and financial stability within the state.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve, but there may be some delays in reporting the most recent figures.
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Citation
U.S. Federal Reserve, Number of State Member Commercial Banks in Maryland (X08CBMBSMD), retrieved from FRED.