Deposits in Mutual Savings Banks and Postal Savings System for United States
M1473AUSM027SNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20.12
Year-over-Year Change
10.30%
Date Range
5/1/1907 - 12/1/1946
Summary
This economic trend measures the total deposits held in mutual savings banks and the U.S. Postal Savings System for the United States. It provides insight into the savings behavior and financial health of U.S. households and businesses.
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 Deposits in Mutual Savings Banks and Postal Savings System for United States data series tracks the value of deposits held in these depository institutions over time. This metric is used by economists and policymakers to analyze trends in household and business savings, as well as the overall stability of the financial system.
Methodology
The data is collected by the U.S. Federal Reserve through surveys of financial institutions.
Historical Context
This trend is monitored by the Federal Reserve and other agencies to inform economic and financial policy decisions.
Key Facts
- Deposits in mutual savings banks have declined since the 1980s as commercial banks have become more dominant.
- The U.S. Postal Savings System was discontinued in 1967 after over 50 years of operation.
- Deposit levels are closely watched as an indicator of consumer and business confidence in the financial system.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held in mutual savings banks and the U.S. Postal Savings System for the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into savings behavior and the overall stability of the financial system, which is important for economic policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through surveys of financial institutions.
Q: How is this trend used in economic policy?
A: This trend is monitored by the Federal Reserve and other agencies to inform decisions on financial regulation and economic stimulus policies.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the U.S. Postal Savings System was discontinued in 1967, limiting the historical data available.
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Citation
U.S. Federal Reserve, Deposits in Mutual Savings Banks and Postal Savings System for United States (M1473AUSM027SNBR), retrieved from FRED.