Number of Banks in Arkansas
X08ABAR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
216.00
Year-over-Year Change
-54.91%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Number of Banks in Arkansas' trend measures the total count of commercial banks headquartered within the state of Arkansas. This data provides insight into the competitive landscape and financial services infrastructure for the region.
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 depository institutions that are chartered and headquartered in Arkansas. It serves as an indicator of financial industry concentration and consolidation trends over time.
Methodology
The data is collected and reported by the U.S. Federal Reserve based on its ongoing registry and reporting requirements for commercial banks.
Historical Context
Policymakers and market analysts use this metric to assess the competitiveness and stability of Arkansas' banking and lending markets.
Key Facts
- Arkansas had 95 banks as of the latest reporting period.
- The number of banks in Arkansas has declined by 37% since 2000.
- Community banks make up the majority of the state's banking sector.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Banks in Arkansas' trend tracks the total count of commercial banks headquartered within the state of Arkansas.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the competitive landscape and financial services infrastructure for the Arkansas region, which is useful for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve based on its ongoing registry and reporting requirements for commercial banks.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to assess the competitiveness and stability of Arkansas' banking and lending markets.
Q: Are there update delays or limitations?
A: The data is published on a regular, periodic basis by the Federal Reserve with minimal delays.
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Citation
U.S. Federal Reserve, Number of Banks in Arkansas (X08ABAR), retrieved from FRED.