Number of Nonmember Commercial Banks in the District of Columbia
X08CBNMBTDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
-70.83%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Number of Nonmember Commercial Banks in the District of Columbia' metric tracks the total count of commercial banks located in Washington, D.C. that are not members of the Federal Reserve System. This data point is important for understanding the structure and dynamics of the local 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 Nonmember Commercial Banks in the District of Columbia' represents the total quantity of commercial banks based in Washington, D.C. that are not affiliated with the Federal Reserve. This statistic provides insight into the competitive landscape and regulatory environment of the District's banking sector.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this metric to assess the health and concentration of the District of Columbia's banking industry.
Key Facts
- The number of nonmember commercial banks in D.C. has declined by over 50% since the 1980s.
- Nonmember banks account for about one-third of total commercial banks in the District of Columbia.
- The largest share of nonmember banks in D.C. are community banks and regional lenders.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Nonmember Commercial Banks in the District of Columbia' metric tracks the total count of commercial banks located in Washington, D.C. that are not members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insight into the structure and dynamics of the local banking industry in the District of Columbia, which is relevant for policymakers, economists, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and concentration of the District of Columbia's banking industry, 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 delay, but may be subject to periodic revisions or changes in reporting methodology.
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Citation
U.S. Federal Reserve, Number of Nonmember Commercial Banks in the District of Columbia (X08CBNMBTDC), retrieved from FRED.