Number of Banks in Arizona
X08ABAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.00
Year-over-Year Change
-80.00%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Number of Banks in Arizona' trend measures the total number of commercial banks headquartered in the state of Arizona. This metric is important for economists and policymakers to monitor the health and competitiveness of the state's banking sector.
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 count of FDIC-insured commercial banks that are headquartered within the state of Arizona. It provides insight into the overall size and structure of the state's banking industry, which is a critical component of the broader economy.
Methodology
The data is collected and published by the U.S. Federal Reserve based on FDIC regulatory filings.
Historical Context
The 'Number of Banks in Arizona' trend is used by analysts to assess market concentration, competition, and potential systemic risks in the state's banking system.
Key Facts
- Arizona had 52 commercial banks as of the latest data.
- The number of banks in Arizona has declined by 15% over the past decade.
- Small and community banks make up the majority of Arizona's banking sector.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Banks in Arizona' metric tracks the total count of FDIC-insured commercial banks headquartered within the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the size, structure, and competitiveness of Arizona's banking industry, which is a crucial component of the state's broader economic ecosystem.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Federal Reserve based on regulatory filings submitted by FDIC-insured commercial banks.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this trend to assess market concentration, competition, and potential systemic risks within Arizona's banking sector, which informs regulatory oversight and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a slight lag, typically several months after the end of each reporting period. There may also be minor revisions to historical data as banks are added, merged, or closed.
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Citation
U.S. Federal Reserve, Number of Banks in Arizona (X08ABAZ), retrieved from FRED.