Number of Insured Mutual Savings Banks in Washington
X08MSBIWA • 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 Washington measures the total count of state-chartered, FDIC-insured mutual savings banks operating in the state of Washington. This data provides insights into the structure and evolution of the local banking industry.
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, member-owned cooperatives. This series tracks the number of such banks that are insured by the Federal Deposit Insurance Corporation (FDIC) and headquartered in the state of Washington.
Methodology
The data is collected and reported by the FDIC.
Historical Context
This metric is used by policymakers and economists to monitor the health and competitiveness of Washington's banking sector.
Key Facts
- Washington had 10 insured mutual savings banks as of the latest data.
- Mutual savings banks make up a small but important segment of the state's financial industry.
- The number of insured mutual savings banks in Washington has declined over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of state-chartered, FDIC-insured mutual savings banks operating in the state of Washington.
Q: Why is this trend relevant for users or analysts?
A: The number of insured mutual savings banks provides insights into the structure and competitiveness of Washington's banking sector, which is relevant for policymakers, economists, and market participants.
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 regulators use this metric to monitor the health and evolution of Washington's banking industry, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly, with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Number of Insured Mutual Savings Banks in Washington (X08MSBIWA), retrieved from FRED.