Number of National Member Commercial Banks in Missouri
X08CBMBNMO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
84.00
Year-over-Year Change
-35.38%
Date Range
1/1/1914 - 1/1/1941
Summary
The Number of National Member Commercial Banks in Missouri measures the total number of banks in the state that are members of the Federal Reserve System. This data point is important for economists and policymakers to understand the structure and health of Missouri'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 tracks the total number of national commercial banks that are members of the Federal Reserve System and headquartered in the state of Missouri. It provides insight into the size and composition of Missouri's banking sector, which is a key driver of the state's overall economic activity.
Methodology
The data is collected by the Federal Reserve through its regulatory oversight of member banks.
Historical Context
Policymakers and analysts use this data to assess the competitive dynamics and market concentration within Missouri's banking industry.
Key Facts
- Missouri had 312 national member banks as of 2022.
- Bank membership in the Federal Reserve System has declined by 20% in Missouri since 2000.
- The largest banks in Missouri are headquartered in St. Louis and Kansas City.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of national commercial banks that are members of the Federal Reserve System and headquartered in the state of Missouri.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the structure and health of Missouri's banking industry, which is a key driver of the state's overall economic activity.
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 data to assess the competitive dynamics and market concentration within Missouri's banking industry.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve with minimal delays.
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Citation
U.S. Federal Reserve, Number of National Member Commercial Banks in Missouri (X08CBMBNMO), retrieved from FRED.