Number of Nonmember Commercial Banks in Arizona
X08CBNMBTAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
-89.36%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Number of Nonmember Commercial Banks in Arizona' series tracks the total number of commercial banks in Arizona that are not members of the Federal Reserve System. This metric provides insight into the competitive landscape and health of the state'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 data series represents the total count of commercial banks located in Arizona that operate independently of the Federal Reserve. Nonmember banks are an important component of the state's financial infrastructure, complementing the services of member banks and contributing to consumer choice.
Methodology
The data is collected and reported by the Federal Deposit Insurance Corporation (FDIC).
Historical Context
Policymakers and economists monitor this trend to assess the diversity and resilience of Arizona's banking sector.
Key Facts
- Arizona had 37 nonmember commercial banks as of the latest data.
- Nonmember banks account for approximately 30% of all commercial banks in Arizona.
- The number of nonmember banks in Arizona has declined by 15% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of 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: Monitoring the number of nonmember commercial banks in Arizona provides insight into the competitive landscape and health of the state's banking industry, which is important for policymakers and economists.
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 economists use this trend to assess the diversity and resilience of Arizona's banking sector, which informs decisions related to financial regulation and economic development.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the FDIC, with a typical update delay of 1-2 quarters.
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Citation
U.S. Federal Reserve, Number of Nonmember Commercial Banks in Arizona (X08CBNMBTAZ), retrieved from FRED.