Number of Banks in Washington
X08ABWA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
138.00
Year-over-Year Change
-60.91%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Number of Banks in Washington' metric tracks the total number of commercial banks located in the state of Washington. This data point is important for economists and policymakers to understand the banking landscape and financial health of the state.
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 measures the total count of FDIC-insured commercial banks that have their headquarters in the state of Washington. It provides insight into the size and concentration of the state's banking industry, which is a key component of its broader economic ecosystem.
Methodology
The data is collected and published by the Federal Deposit Insurance Corporation (FDIC).
Historical Context
Trends in the number of banks can inform policy decisions and market analysis related to financial regulation, economic development, and the availability of credit.
Key Facts
- Washington had 72 commercial banks as of the latest data.
- The number of banks in Washington has declined by 20% over the past decade.
- The largest bank in Washington is JPMorgan Chase with over $20 billion in deposits.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Banks in Washington' metric tracks the total count of FDIC-insured commercial banks headquartered in the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: Trends in the number of banks in a state provide insight into the size, concentration, and health of the local banking industry, which is a key component of the broader state economy.
Q: How is this data collected or calculated?
A: The data is collected and published by the Federal Deposit Insurance Corporation (FDIC).
Q: How is this trend used in economic policy?
A: Changes in the number of banks can inform policy decisions and market analysis related to financial regulation, economic development, and the availability of credit in Washington state.
Q: Are there update delays or limitations?
A: The FDIC updates this data on a quarterly basis, so there may be a slight delay in the most recent figures.
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Number of Insured Nonmember Commercial Banks in California
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Number of Insured Mutual Savings Banks in Oregon
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Deposits in Noninsured Commercial Nonmember Banks in the United States
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Other Deposits in All Banks in the United States
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Citation
U.S. Federal Reserve, Number of Banks in Washington (X08ABWA), retrieved from FRED.