Number of Banks in Colorado
X08ABCO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.00
Year-over-Year Change
-56.36%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Number of Banks in Colorado' trend measures the total count of commercial banks located in the state of Colorado. This data provides insight into the structure and dynamics of Colorado'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 total number of banks operating within the state of Colorado. It is used by economists and policymakers to analyze trends in the state's financial sector, including consolidation, expansion, and the presence of community banks.
Methodology
The data is collected and published by the U.S. Federal Reserve.
Historical Context
This metric is relevant for understanding the competitive landscape and accessibility of banking services for Colorado businesses and consumers.
Key Facts
- Colorado had 203 banks as of the latest data.
- The number of Colorado banks has declined by 20% over the past decade.
- Community banks account for over 60% of the state's total banking assets.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Banks in Colorado' trend tracks the total count of commercial banks located and operating within the state of Colorado.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the structure and dynamics of Colorado's banking industry, which is important for understanding access to financial services and the competitive landscape for businesses and consumers in the state.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze trends in Colorado's financial sector, including consolidation, expansion, and the presence of community banks, which can inform decisions around regulation and economic development.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Federal Reserve, but there may be lags between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Number of Banks in Colorado (X08ABCO), retrieved from FRED.