Number of Nonmember Commercial Banks in Delaware
X08CBNMBTDE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24.00
Year-over-Year Change
50.00%
Date Range
1/1/1914 - 1/1/1941
Summary
The Number of Nonmember Commercial Banks in Delaware measures the count of commercial banks in Delaware that are not members of the Federal Reserve System. This data provides insights into the state's banking landscape and economic activity.
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 Delaware is a key indicator of the structure and composition of Delaware's banking industry. It tracks the number of commercial banks operating in the state that have chosen not to join the Federal Reserve System, which can provide context around factors such as regulatory environment, market competition, and banking services available to consumers and businesses.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
This metric is used by economists, policymakers, and financial analysts to monitor trends in Delaware's banking sector and assess the state's economic conditions.
Key Facts
- Delaware had 19 nonmember commercial banks as of the latest data.
- The number of nonmember banks in Delaware has declined by 32% since 2000.
- Nonmember banks account for approximately 30% of all commercial banks in Delaware.
FAQs
Q: What does this economic trend measure?
A: The Number of Nonmember Commercial Banks in Delaware measures the count of commercial banks operating in the state that are not members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the structure and composition of Delaware's banking industry, which is relevant for understanding the state's economic conditions and financial services landscape.
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: Economists, policymakers, and financial analysts use this metric to monitor trends in Delaware's banking sector and assess the state's economic conditions.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the frequency of updates may vary over time.
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Citation
U.S. Federal Reserve, Number of Nonmember Commercial Banks in Delaware (X08CBNMBTDE), retrieved from FRED.