Number of Insured Nonmember Commercial Banks in Arizona
X08CBNMBIAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
66.67%
Date Range
1/1/1934 - 1/1/1941
Summary
The Number of Insured Nonmember Commercial Banks in Arizona measures the total number of commercial banks in the state that are not members of the Federal Reserve System. This metric is important for understanding the structure and health of Arizona's banking industry.
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 count of insured commercial banks located in Arizona that operate outside the Federal Reserve System. These non-member banks play a crucial role in providing financial services and lending to local communities in the state.
Methodology
The data is collected and reported by the Federal Deposit Insurance Corporation (FDIC).
Historical Context
Policymakers and analysts use this metric to monitor the banking landscape and assess the diversity of financial institutions serving Arizona's economy.
Key Facts
- Arizona had 27 insured nonmember commercial banks as of the latest data.
- Nonmember banks account for over 40% of the total commercial banks in Arizona.
- The number of insured nonmember banks in Arizona has declined by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of insured commercial banks located in Arizona that are not members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: The count of insured nonmember banks provides insight into the diversity and structure of Arizona's banking industry, which is important for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal Deposit Insurance Corporation (FDIC).
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor the banking landscape and assess the diversity of financial institutions serving Arizona's economy.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the FDIC with a slight delay, so the most recent figures may not reflect the current state of the banking industry.
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Citation
U.S. Federal Reserve, Number of Insured Nonmember Commercial Banks in Arizona (X08CBNMBIAZ), retrieved from FRED.