Number of Member Commercial Banks in Colorado
X08CBMBTCO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
93.00
Year-over-Year Change
-25.00%
Date Range
1/1/1914 - 1/1/1941
Summary
The Number of Member Commercial Banks in Colorado metric tracks the total count of FDIC-insured commercial banks headquartered in the state. This statistic provides insights into the competitive landscape and consolidation trends in 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 measures the number of active commercial banks that are members of the Federal Reserve System and have their headquarters located in Colorado. It offers a high-level view of the banking industry's structure and evolution within the state.
Methodology
The data is collected and reported by the Federal Reserve through its regulatory oversight of member banks.
Historical Context
Policymakers and economists analyze this trend to understand competitive dynamics and structural changes in Colorado's banking sector.
Key Facts
- Colorado had 141 member commercial banks as of the latest data.
- The number of member banks in Colorado has declined by over 50% since the 1980s.
- Consolidation in the banking sector has resulted in fewer but larger financial institutions.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total count of FDIC-insured commercial banks that are headquartered in the state of Colorado and are members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the competitive landscape and consolidation trends within Colorado's banking industry, which is valuable for policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The Federal Reserve collects and reports this data through its regulatory oversight of member banks.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to understand the structure and evolution of Colorado's banking sector, which informs decisions and policies related to financial regulation, competition, and industry oversight.
Q: Are there update delays or limitations?
A: The data is reported by the Federal Reserve on a regular basis, but there may be a short delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Number of Member Commercial Banks in Colorado (X08CBMBTCO), retrieved from FRED.