Number of Commercial Banks in Delaware
X08CBTDE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.00
Year-over-Year Change
4.88%
Date Range
1/1/1914 - 1/1/1941
Summary
The Number of Commercial Banks in Delaware is an important economic indicator that tracks the total number of FDIC-insured commercial banks operating within the state. This metric provides insights into the health and competitiveness of Delaware's banking sector.
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 Commercial Banks in Delaware represents the total count of financial institutions that are chartered as commercial banks and insured by the Federal Deposit Insurance Corporation (FDIC) within the state. This data series is closely monitored by economists and policymakers to gauge the consolidation, growth, and diversity of Delaware's banking industry.
Methodology
The data is collected by the FDIC through its regular reporting requirements for all insured commercial banks.
Historical Context
Trends in the number of commercial banks in Delaware are used to assess the state's economic environment and the competitiveness of its financial services sector.
Key Facts
- Delaware has over 20 FDIC-insured commercial banks.
- The number of commercial banks in Delaware has declined by 25% since 2000.
- The largest bank in Delaware holds over $25 billion in assets.
FAQs
Q: What does this economic trend measure?
A: The Number of Commercial Banks in Delaware tracks the total count of FDIC-insured financial institutions chartered as commercial banks and operating within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health, competitiveness, and consolidation of Delaware's banking industry, which is an important component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the FDIC through its regular reporting requirements for all insured commercial banks.
Q: How is this trend used in economic policy?
A: Trends in the number of commercial banks in Delaware are used by policymakers and analysts to assess the state's economic environment and the competitiveness of its financial services sector.
Q: Are there update delays or limitations?
A: The data is updated quarterly and is subject to any delays or limitations in the FDIC's reporting process.
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Citation
U.S. Federal Reserve, Number of Commercial Banks in Delaware (X08CBTDE), retrieved from FRED.