Number of Member Commercial Banks in Arkansas
X08CBMBTAR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59.00
Year-over-Year Change
3.51%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Number of Member Commercial Banks in Arkansas' trend tracks the total number of commercial banks that are members of the Federal Reserve System in the state of Arkansas. This data provides insight into the banking landscape and financial activity in the state.
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 located in Arkansas that are members of the Federal Reserve System. Commercial bank membership in the Fed is an important indicator of the state's banking industry structure and economic activity.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
Policymakers and analysts use this trend to monitor the competitive dynamics and health of Arkansas' banking sector.
Key Facts
- Arkansas had 104 member commercial banks as of the latest data.
- The number of member banks has declined by 20% over the past decade.
- Commercial bank membership in the Fed signals their ability to access Fed services and programs.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of commercial banks located in Arkansas that are members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: The number of member commercial banks is an important indicator of the structure and health of Arkansas' banking industry and overall economic activity in the state.
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 analysts use this trend to monitor the competitive dynamics and health of Arkansas' banking sector, which informs economic and financial policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a relatively short delay, typically 1-2 months after the end of the reporting period.
Related Trends
Chain-Type Quantity Index for Real GDP: Wood Product Manufacturing (321) in Arkansas
ARWPMANQGSP
Information Wages and Salaries in Arkansas
ARWINF
Real Gross Domestic Product: Motor Vehicles, Bodies and Trailers, and Parts Manufacturing (3361-3363) in Arkansas
ARMVEHMANRGSP
Other Labor Income in Arkansas
AROOTH
Real Gross Domestic Product: Fabricated Metal Product Manufacturing (332) in Arkansas
ARFABRMETRGSP
Average Hourly Earnings of All Employees: Trade, Transportation, and Utilities in Arkansas
SMU05000004000000003
Citation
U.S. Federal Reserve, Number of Member Commercial Banks in Arkansas (X08CBMBTAR), retrieved from FRED.