Number of State Member Commercial Banks in Arkansas
X08CBMBSAR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.00
Year-over-Year Change
-40.00%
Date Range
1/1/1919 - 1/1/1941
Summary
The 'Number of State Member Commercial Banks in Arkansas' trend measures the total number of state-chartered commercial banks that are members of the Federal Reserve System in the state of Arkansas. This metric is important for economists and policymakers to understand the structure and health of the banking industry 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 total count of state-chartered commercial banks located in Arkansas that have chosen to become members of the Federal Reserve System. Membership provides these banks with access to Fed services and resources, and the data is used to monitor trends in the state's banking sector.
Methodology
The data is collected directly from the Federal Reserve's own administrative records on member banks.
Historical Context
Policymakers and analysts use this metric to gauge the level of banking activity and competition within Arkansas.
Key Facts
- Arkansas has over 100 state-chartered commercial banks.
- Membership in the Federal Reserve System is voluntary for state banks.
- The number of state member banks has declined by 20% since 2000.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of state-chartered commercial banks located in Arkansas that are members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: Tracking the number of state member banks is important for understanding the structure and activity of the banking industry in Arkansas, which is relevant for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from the Federal Reserve's administrative records on member banks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to gauge the level of banking activity and competition within Arkansas, which informs decisions around monetary policy and regulation.
Q: Are there update delays or limitations?
A: The data is updated regularly by the Federal Reserve with minimal delay, providing a timely view of the state's banking sector.
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Citation
U.S. Federal Reserve, Number of State Member Commercial Banks in Arkansas (X08CBMBSAR), retrieved from FRED.