Chicago IL maintains the third most populous city in the United States, after New York City and Los Angeles. With 2.7 million residents, it is the most populous city in both the state of Illinois and the American Midwest. Its metropolitan area, sometimes called Chicagoland, constitutes home to 9.5 million people in the United States. Cook County is the seat of Chicago.
Chicago has the third largest gross metropolitan product in the United States — approximately $532 billion according to 2010 estimates, after New York City and Los Angeles. The city maintains a very high rating because of having the most balanced economy in the United States, due to its high level of diversification. Chicago wasnamed the fourth most important business center in the world, in the MasterCard Worldwide Centers of Commerce Index. Additionally, the Chicago metropolitan area recorded the greatest number of new or expanded corporate facilities in the United States for six out of the seven years from 2001 to 2008. The Chicago metropolitan area has the third largest science and engineering work force of any metropolitan area in the nation. In 2009 Chicago placed 9th on the UBS list of the world’s richest cities.
Chicago, a major world financial center, maintains the second largest central business district in the United States. The city possesses the headquarters of the Federal Reserve Bank of Chicago (the Seventh District of the Federal Reserve). The city also credits the home to major financial and futures exchanges, including the Chicago Stock Exchange. In addition, the Chicago Board Options Exchange (CBOE), and the Chicago Mercantile Exchange (the “Merc”), is in Chicago. Chase Bank has its commercial and retail banking headquarters in Chicago’s Chase Tower, one of the biggest buildings in the world.
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