Number of National Member Commercial Banks in Maryland
X08CBMBNMD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63.00
Year-over-Year Change
-37.62%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Number of National Member Commercial Banks in Maryland' measures the total number of national commercial banks with memberships in the Federal Reserve System located in the state of Maryland. This data provides insights into the structure and dynamics of the banking industry in the region.
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 count of national commercial banks headquartered in Maryland that are members of the Federal Reserve System. The number of member banks is an important indicator of the size and composition of the banking sector in the state, which has implications for economic activity, lending, and financial stability.
Methodology
The data is collected and published by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this metric to monitor trends in the Maryland banking industry and its role in the broader economic landscape.
Key Facts
- Maryland had 31 national member commercial banks as of the latest data.
- The number of national member banks in Maryland has declined by 10% over the past decade.
- National member banks account for a significant portion of the overall commercial banking activity in Maryland.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of national commercial banks that are members of the Federal Reserve System and headquartered in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: The number of national member banks in Maryland is an important indicator of the size and structure of the state's banking industry, which has implications for economic activity, lending, and financial stability.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor trends in the Maryland banking industry and its role in the broader economic landscape.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be a slight delay in the availability of the most recent figures.
Related Trends
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Demand Deposits in Insured Nonmember Commercial Banks in Cities with 500,000 or Fewer Residents
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Other Securities in All Insured Commercial Banks in Cities with 500,000 or Fewer Residents
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End-of-Year Number of National Banks
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Number of Member Commercial Banks in California
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Citation
U.S. Federal Reserve, Number of National Member Commercial Banks in Maryland (X08CBMBNMD), retrieved from FRED.