Number of Insured Mutual Savings Banks in Pennsylvania
X08MSBIPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.00
Year-over-Year Change
200.00%
Date Range
1/1/1934 - 1/1/1941
Summary
The Number of Insured Mutual Savings Banks in Pennsylvania metric tracks the total count of state-chartered mutual savings banks that are federally insured in Pennsylvania. This provides insight into the size 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
Mutual savings banks are a type of financial institution that operate as non-profit cooperatives, owned by their depositors. Tracking the number of insured mutual savings banks in Pennsylvania gives economists a sense of the state's retail banking market structure and competition.
Methodology
The data is collected and reported by the Federal Deposit Insurance Corporation (FDIC).
Historical Context
This metric is used by policymakers and analysts to monitor trends in Pennsylvania's banking industry and community financial services.
Key Facts
- Pennsylvania has over 50 insured mutual savings banks.
- Mutual savings banks operate on a non-profit cooperative model.
- The number of insured mutual banks has declined over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of state-chartered mutual savings banks in Pennsylvania that are federally insured by the FDIC.
Q: Why is this trend relevant for users or analysts?
A: Monitoring the number of insured mutual savings banks provides insight into the structure and competition within Pennsylvania's retail banking sector.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Federal Deposit Insurance Corporation (FDIC).
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to track trends in Pennsylvania's banking industry and community financial services.
Q: Are there update delays or limitations?
A: The data is reported quarterly by the FDIC with minimal delays.
Related Trends
Gross Domestic Product: Transportation and Utilities (22, 48-49) in Pennsylvania
PATRANSUTILNGSP
Number of National Member Commercial Banks in Pennsylvania
X08CBMBNPA
Interbank Deposits in Commercial Member Banks in Pennsylvania
X08IOMBIPA
Real Gross Domestic Product: Finance and Insurance (52) in Pennsylvania
PAFININSRQGSP
Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Pennsylvania
PATRANSWAREQQGSP
Monthly State Retail Sales: Food and Beverage Stores in Pennsylvania
MSRSPA445
Citation
U.S. Federal Reserve, Number of Insured Mutual Savings Banks in Pennsylvania (X08MSBIPA), retrieved from FRED.