Number of State Member Commercial Banks in Arizona
X08CBMBSAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
-50.00%
Date Range
1/1/1919 - 1/1/1941
Summary
The 'Number of State Member Commercial Banks in Arizona' trend measures the total count of state-chartered commercial banks that are members of the Federal Reserve System in the state of Arizona. This metric is important for understanding the structure and dynamics 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 economic trend provides insights into the number of state-chartered banks in Arizona that have chosen to become members of the Federal Reserve System. It is a useful indicator of the size and composition of the state's banking sector, which has implications for competition, credit availability, and the transmission of monetary policy.
Methodology
The data is collected by the Federal Reserve through its regulatory oversight of member banks.
Historical Context
Policymakers and analysts use this trend to monitor the evolution of Arizona's banking landscape and its potential impacts on the state's economy.
Key Facts
- Arizona had 41 state member commercial banks as of the latest data.
- The number of state member banks in Arizona has declined by 18% over the past decade.
- State member banks represent a subset of all commercial banks operating in Arizona.
FAQs
Q: What does this economic trend measure?
A: The 'Number of State Member Commercial Banks in Arizona' trend measures the total count of state-chartered commercial banks in Arizona that are members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the structure and dynamics of Arizona's banking sector, which is relevant for understanding credit conditions, competition, and the transmission of monetary policy in the state.
Q: How is this data collected or calculated?
A: The data is collected by the Federal Reserve through its regulatory oversight of member banks.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the evolution of Arizona's banking landscape and its potential impacts on the state's economy.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically a few months after the reference period.
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Citation
U.S. Federal Reserve, Number of State Member Commercial Banks in Arizona (X08CBMBSAZ), retrieved from FRED.