Number of Commercial Banks in Missouri
X08CBTMO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
619.00
Year-over-Year Change
-57.81%
Date Range
1/1/1914 - 1/1/1941
Summary
The Number of Commercial Banks in Missouri measures the total number of commercial banks headquartered in the state. This metric is important for tracking financial sector activity and regional economic conditions.
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 represents the count of commercial banks with their main office located in the state of Missouri. It provides insight into the size and composition of the state's banking industry, which is a key driver of economic growth and development.
Methodology
The data is collected by the U.S. Federal Reserve through its regular surveys and reporting on the U.S. banking system.
Historical Context
Policymakers and market analysts use this trend to assess regional financial sector dynamics and their implications for the broader economy.
Key Facts
- Missouri had 251 commercial banks as of the latest data.
- The number of banks in Missouri has declined by 32% since 2000.
- St. Louis is home to the largest concentration of commercial banks in the state.
FAQs
Q: What does this economic trend measure?
A: The Number of Commercial Banks in Missouri measures the total count of commercial banks headquartered within the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the size and composition of Missouri's banking industry, which is a crucial component of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through its regular surveys and reporting on the U.S. banking system.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess regional financial sector dynamics and their implications for the broader economy.
Q: Are there update delays or limitations?
A: The data is released on a regular basis with minimal delays, providing timely insights into the Missouri banking landscape.
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Citation
U.S. Federal Reserve, Number of Commercial Banks in Missouri (X08CBTMO), retrieved from FRED.