Number of Member Commercial Banks in Delaware
X08CBMBTDE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.00
Year-over-Year Change
-24.00%
Date Range
1/1/1914 - 1/1/1941
Summary
The Number of Member Commercial Banks in Delaware trend measures the total count of banks that are members of the Federal Reserve System within the state of Delaware. This metric is important for economists and policymakers to understand the banking landscape and financial services infrastructure.
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 number of commercial banks in Delaware that are members of the Federal Reserve System. It provides insight into the composition and concentration of the banking industry within the state, which is relevant for analyzing regional economic conditions and financial stability.
Methodology
The Federal Reserve collects this data directly from member institutions.
Historical Context
The number of member banks is a key indicator used by policymakers and analysts to assess the competitiveness and health of local banking markets.
Key Facts
- Delaware had 25 member commercial banks as of the latest data.
- The number of member banks in Delaware has declined by 17% over the past decade.
- Delaware's banking industry is dominated by a small number of large institutions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial banks in the state of Delaware that are members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: The number of member banks in a state provides insight into the structure and competitiveness of the local banking industry, which is an important factor for understanding regional economic conditions and financial stability.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data directly from member commercial banking institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and competitiveness of local banking markets, which informs decisions around regulation, supervision, and economic development initiatives.
Q: Are there update delays or limitations?
A: This data is updated monthly by the Federal Reserve with a relatively short lag, providing timely information on the Delaware banking industry.
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Citation
U.S. Federal Reserve, Number of Member Commercial Banks in Delaware (X08CBMBTDE), retrieved from FRED.