Number of State Member Commercial Banks in Illinois
X08CBMBSIL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89.00
Year-over-Year Change
27.14%
Date Range
1/1/1919 - 1/1/1941
Summary
This economic trend measures the number of state member commercial banks in Illinois, providing insight into the structure and composition of the state's banking 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
The Number of State Member Commercial Banks in Illinois is an important indicator that reflects the number of banks in Illinois that are members of the Federal Reserve System. This data helps policymakers and economists analyze the competitive dynamics and health of the state's banking industry.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
This trend is used to monitor the evolution of Illinois' banking landscape and support informed policy decisions.
Key Facts
- Illinois had 291 state member commercial banks as of the latest data.
- The number of state member banks in Illinois has declined by 31% since 2000.
- State member banks account for a significant portion of the overall banking assets in Illinois.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of commercial banks in Illinois that are members of the Federal Reserve System.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the structure and competitiveness of Illinois' banking sector, which is important for policymakers and economists analyzing the state's financial landscape.
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: This trend is used to monitor the evolution of Illinois' banking industry and support informed policy decisions related to the state's financial sector.
Q: Are there update delays or limitations?
A: The data is published regularly by the Federal Reserve, but there may be some delays in the reporting of the most recent figures.
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Citation
U.S. Federal Reserve, Number of State Member Commercial Banks in Illinois (X08CBMBSIL), retrieved from FRED.