Number of Member Commercial Banks in Arizona
X08CBMBTAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.00
Year-over-Year Change
-46.15%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend measures the number of commercial banks that are members of the Federal Reserve System in the state of Arizona. It provides insight into the banking industry and financial market activity in 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
The Number of Member Commercial Banks in Arizona is a key indicator of the size and structure of the banking industry in the state. It tracks the total number of commercial banks that are members of the Federal Reserve System, which is important for understanding regional financial conditions and trends.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
This metric is used by economists, policymakers, and financial analysts to monitor the health and development of Arizona's banking sector.
Key Facts
- Arizona had 50 member commercial banks as of the latest data.
- The number of member banks has declined by 10% over the past decade.
- Member banks account for the majority of banking assets in Arizona.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of commercial banks in Arizona that are members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: The number of member banks provides insight into the size, structure, and health of Arizona's banking industry, which is important for understanding regional financial conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to monitor the banking sector and inform decisions related to financial regulations, monetary policy, and economic development in Arizona.
Q: Are there update delays or limitations?
A: The data is typically updated on a monthly or quarterly basis, with some potential for slight delays in reporting.
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Citation
U.S. Federal Reserve, Number of Member Commercial Banks in Arizona (X08CBMBTAZ), retrieved from FRED.