National Banks in Federal Reserve District 2: New York
X15NYDTPLNB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
580.00
Year-over-Year Change
-24.58%
Date Range
1/1/1916 - 1/1/1941
Summary
The 'National Banks in Federal Reserve District 2: New York' measures the number of national banks operating within the geographic boundaries of Federal Reserve District 2, which encompasses the state of New York. This data provides insights into the banking infrastructure and dynamics of the nation's financial capital.
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 tracks the total number of national banks headquartered or operating within Federal Reserve District 2, which is centered around New York City. The number of national banks in this region is a key economic indicator, reflecting the strength and growth of the banking sector in a major financial hub.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts monitor this trend to assess the health and competitiveness of the banking industry in the New York metropolitan area.
Key Facts
- New York City is home to the largest concentration of national banks in the U.S.
- The number of national banks in District 2 has remained relatively stable over the past decade.
- National banks in New York account for a significant share of the nation's banking assets and deposits.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of national banks headquartered or operating within the geographic boundaries of Federal Reserve District 2, which encompasses the state of New York.
Q: Why is this trend relevant for users or analysts?
A: The number of national banks in the New York region is a key indicator of the strength and competitiveness of the banking industry in the nation's financial capital, providing insights for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the health and dynamics of the banking sector in the New York metropolitan area, which has significant implications for national financial stability and economic policy.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, with minimal delays. However, it only represents national banks and may not capture the full picture of the banking industry in the New York region.
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Citation
U.S. Federal Reserve, National Banks in Federal Reserve District 2: New York (X15NYDTPLNB), retrieved from FRED.