Number of Commercial Banks in the District of Columbia
X08CBTDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22.00
Year-over-Year Change
-40.54%
Date Range
1/1/1914 - 1/1/1941
Summary
The Number of Commercial Banks in the District of Columbia tracks the total count of commercial banking institutions located within the District's boundaries. This key metric provides insight into the size and composition of the local financial services 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
This series represents the total number of FDIC-insured commercial banks headquartered and operating within Washington, D.C. It serves as an indicator of the level of banking activity and competition in the nation's capital.
Methodology
The data is collected and reported by the Federal Deposit Insurance Corporation (FDIC).
Historical Context
Policymakers and analysts use this metric to assess the health and dynamics of the District's banking sector and broader financial ecosystem.
Key Facts
- The District of Columbia had 15 commercial banks as of the latest data.
- The number of banks has declined by 25% over the past decade.
- The largest bank in D.C. holds over $70 billion in total assets.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of FDIC-insured commercial banking institutions headquartered and operating within the boundaries of Washington, D.C.
Q: Why is this trend relevant for users or analysts?
A: The number of commercial banks in D.C. provides insight into the size, competitiveness, and overall health of the local financial services industry, which is crucial for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal Deposit Insurance Corporation (FDIC).
Q: How is this trend used in economic policy?
A: Policymakers and regulators monitor this metric to assess the District's banking sector and make informed decisions regarding financial services policies and regulations.
Q: Are there update delays or limitations?
A: The data is published quarterly with a slight delay, and may not capture all institutions due to factors such as mergers and acquisitions.
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Citation
U.S. Federal Reserve, Number of Commercial Banks in the District of Columbia (X08CBTDC), retrieved from FRED.