Number of National Member Commercial Banks in Arizona
X08CBMBNAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
-61.54%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Number of National Member Commercial Banks in Arizona' is a key indicator for monitoring the health and composition of the banking sector in the state. It provides insights into the competitive landscape and can inform policy decisions.
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 member commercial banks operating in the state of Arizona. National member banks are commercial banks that are members of the Federal Reserve System, which allows them to access Fed services and adhere to federal banking regulations.
Methodology
The data is collected and reported by the Federal Reserve on a regular basis.
Historical Context
This metric is closely watched by policymakers, regulators, and financial analysts to assess the competitive dynamics and structural changes in the Arizona banking industry.
Key Facts
- The number of national member banks in Arizona has declined over the past decade.
- Arizona is home to both large national banks and smaller community banks.
- The state's banking sector is an important driver of its overall economic performance.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of national member commercial banks operating in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the competitive landscape and structural changes in Arizona's banking sector, which is crucial for policymakers, regulators, and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal Reserve on a regular basis.
Q: How is this trend used in economic policy?
A: Policymakers and regulators use this metric to assess the health and competitiveness of the Arizona banking industry, which informs their policy decisions.
Q: Are there update delays or limitations?
A: The data is published by the Federal Reserve on a regular schedule, with minimal delays or limitations.
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Citation
U.S. Federal Reserve, Number of National Member Commercial Banks in Arizona (X08CBMBNAZ), retrieved from FRED.