A Portrait of First District Banks

J. Christina Wang

No 2024-2, New England Public Policy Center Regional Brief from Federal Reserve Bank of Boston

Abstract: This Regional Brief sketches a portrait of the banks in the Federal Reserve System’s First Federal Reserve District, which includes all of New England except Connecticut’s Fairfield County. It highlights a few characteristics that distinguish the district’s banking industry, noting that, relative to the rest of the United States, larger shares of the region’s banks are state (Federal Reserve System) member banks, state savings banks, and cooperative banks, and the share of banks classified as community banks is twice as large.

Keywords: New England; community banks; small business credit (search for similar items in EconPapers)
Pages: 10
Date: 2024-08-07
New Economics Papers: this item is included in nep-his
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