Number of Insured Mutual Savings Banks in Ohio
X08MSBIOH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
0.00%
Date Range
1/1/1934 - 1/1/1941
Summary
The Number of Insured Mutual Savings Banks in Ohio metric tracks the count of insured mutual savings banks operating within the state. This data point provides insight into the health and composition of Ohio'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
Mutual savings banks are a type of financial institution that operate as non-profit cooperatives, owned and controlled by their depositors. This series measures the number of such banks in Ohio that are insured by the Federal Deposit Insurance Corporation (FDIC).
Methodology
The data is collected and reported by the Federal Reserve.
Historical Context
This trend is used by policymakers and analysts to monitor the structure and competitiveness of Ohio's banking industry.
Key Facts
- Ohio had over 200 insured mutual savings banks in the 1980s.
- The number of insured mutual banks in Ohio has declined by over 90% since the 1980s.
- Mutual savings banks emphasize personal service and community-focused lending.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of insured mutual savings banks operating within the state of Ohio. Mutual savings banks are a type of non-profit financial cooperative owned by their depositors.
Q: Why is this trend relevant for users or analysts?
A: The number of insured mutual savings banks in Ohio provides insight into the health and structure of the state's banking sector. Monitoring this trend can help policymakers and analysts understand changes in banking industry competition and community-focused lending.
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: Policymakers and regulators use this metric to monitor the composition and competitiveness of Ohio's banking industry. Trends in the number of insured mutual savings banks can inform decisions around banking regulations and community development initiatives.
Q: Are there update delays or limitations?
A: The data is published by the Federal Reserve on a regular basis, but there may be some delay in the most recent observations becoming available to the public.
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Citation
U.S. Federal Reserve, Number of Insured Mutual Savings Banks in Ohio (X08MSBIOH), retrieved from FRED.