Number of Commercial Banks in Arizona
X08CBTAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.00
Year-over-Year Change
-80.00%
Date Range
1/1/1914 - 1/1/1941
Summary
The 'Number of Commercial Banks in Arizona' measures the total count of FDIC-insured commercial banks headquartered in the state of Arizona. This key economic indicator provides insights into the health and growth of Arizona's banking and financial sector.
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 metric tracks the number of commercial banking institutions operating in Arizona, which is an important measure of the state's economic activity and financial infrastructure. The data is frequently used by economists, policymakers, and market analysts to evaluate trends in Arizona's banking industry and broader economic conditions.
Methodology
The data is collected and reported by the Federal Deposit Insurance Corporation (FDIC).
Historical Context
Trends in the number of Arizona commercial banks are closely monitored by the Federal Reserve and other regulatory bodies for insights into the state's economic performance and financial stability.
Key Facts
- Arizona had 58 commercial banks as of the latest data.
- The number of Arizona commercial banks has declined by 18% over the past decade.
- The largest commercial bank in Arizona is Bank of America with over $50 billion in deposits.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Commercial Banks in Arizona' metric tracks the total count of FDIC-insured commercial banking institutions headquartered in the state of Arizona.
Q: Why is this trend relevant for users or analysts?
A: This data provides important insights into the health and growth of Arizona's banking and financial sector, which is a key driver of the state's overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal Deposit Insurance Corporation (FDIC).
Q: How is this trend used in economic policy?
A: Trends in the number of Arizona commercial banks are closely monitored by the Federal Reserve and other regulatory bodies for insights into the state's economic and financial stability.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of several months.
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Citation
U.S. Federal Reserve, Number of Commercial Banks in Arizona (X08CBTAZ), retrieved from FRED.