Number of Member Commercial Banks in Maryland
X08CBMBTMD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
74.00
Year-over-Year Change
-26.73%
Date Range
1/1/1914 - 1/1/1941
Summary
The Number of Member Commercial Banks in Maryland metric tracks the total count of FDIC-insured commercial banks headquartered in the state. This statistic provides insight into the size and dynamics of Maryland's banking 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 measures the total number of commercial banks that are members of the Federal Reserve System and have their headquarters located in the state of Maryland. It offers a high-level view of the competitive landscape and consolidation trends within Maryland's banking sector.
Methodology
The data is collected and reported by the Federal Reserve System.
Historical Context
Policymakers and industry analysts use this metric to monitor changes in Maryland's financial services industry.
Key Facts
- Maryland had 83 member commercial banks as of the latest data.
- The number of Maryland-based member banks has declined by 17% over the past decade.
- The largest commercial bank headquartered in Maryland is M&T Bank Corporation.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of FDIC-insured commercial banks that are members of the Federal Reserve System and have their headquarters located in the state of Maryland.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the size and competitive dynamics of Maryland's banking industry, which is important for policymakers, economists, and financial services analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal Reserve System.
Q: How is this trend used in economic policy?
A: Regulators and policymakers use this metric to monitor changes in Maryland's financial services industry and assess the overall health of the state's banking sector.
Q: Are there update delays or limitations?
A: The data is published on a regular basis with minimal lags, providing timely insights into the Maryland banking market.
Related Trends
Number of Insured Nonmember Commercial Banks in Maryland
X08CBNMBIMD
Other Securities in All Member Banks in Cities with 500,000 or Fewer Residents
X10AMBOSO5L
Total Interbank Deposits in All Member Banks
X10AMBIDT
Reopenings (Licensing) of Unlicensed Banks Among Nonmember Incorporated Commercial Banks
X14NICBRUB
Number of Commercial Banks in Maryland
X08CBTMD
Number of National Member Commercial Banks in North Carolina
X08CBMBNNC
Citation
U.S. Federal Reserve, Number of Member Commercial Banks in Maryland (X08CBMBTMD), retrieved from FRED.