Number of Noninsured Nonmember Commercial Banks in Arizona
X08CBNMBNIAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
0.00%
Date Range
1/1/1934 - 1/1/1934
Summary
The 'Number of Noninsured Nonmember Commercial Banks in Arizona' trend measures the count of commercial banks in Arizona that operate outside the federal deposit insurance system and are not members of the Federal Reserve System. This data is important for understanding the banking landscape and regulatory environment 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 tracks the number of commercial banks in Arizona that are not insured by the Federal Deposit Insurance Corporation (FDIC) and do not belong to the Federal Reserve System. These 'noninsured nonmember' banks operate under different rules and oversight compared to larger, federally-insured institutions.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
Policymakers and economists use this metric to analyze the diversity and stability of Arizona's banking sector.
Key Facts
- Arizona had 11 noninsured nonmember banks as of the latest data.
- This represents 8% of all commercial banks operating in the state.
- The number of noninsured banks has declined by 35% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial banks in Arizona that are not insured by the FDIC and are not members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: The number of noninsured nonmember banks provides insight into the diversity and regulatory environment of Arizona's banking sector, which is useful for policymakers and economists.
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 metric to understand the competitive landscape and stability of Arizona's banking industry, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag, so the latest figures may not reflect the most current banking environment in Arizona.
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Citation
U.S. Federal Reserve, Number of Noninsured Nonmember Commercial Banks in Arizona (X08CBNMBNIAZ), retrieved from FRED.