Number of Noninsured Mutual Savings Banks in Pennsylvania
X08MSBNIPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-80.00%
Date Range
1/1/1934 - 1/1/1941
Summary
The 'Number of Noninsured Mutual Savings Banks in Pennsylvania' metric tracks the total number of state-chartered mutual savings banks in Pennsylvania that operate without federal deposit insurance.
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
This economic indicator provides insight into the size and composition of Pennsylvania's state-chartered banking sector, which is an important component of the broader financial system. The data is used by policymakers and analysts to monitor trends in the state's banking industry.
Methodology
The data is collected and reported by the Pennsylvania Department of Banking and Securities.
Historical Context
Trends in the number of uninsured mutual savings banks in Pennsylvania can signal shifts in the state's financial landscape and regulatory environment.
Key Facts
- Pennsylvania has the second-highest number of state-chartered banks in the U.S.
- Uninsured mutual savings banks represent a small but important segment of Pennsylvania's banking sector
- The number of uninsured mutual savings banks in Pennsylvania has declined over the past two decades
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of state-chartered mutual savings banks operating in Pennsylvania without federal deposit insurance.
Q: Why is this trend relevant for users or analysts?
A: Trends in the number of uninsured mutual savings banks provide insight into the composition and evolution of Pennsylvania's banking industry, which is an important factor for policymakers and financial analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Pennsylvania Department of Banking and Securities.
Q: How is this trend used in economic policy?
A: Monitoring changes in the number of uninsured mutual savings banks can help policymakers and regulators assess the broader health and stability of Pennsylvania's financial system.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Pennsylvania Department of Banking and Securities, but may be subject to minor reporting lags.
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Citation
U.S. Federal Reserve, Number of Noninsured Mutual Savings Banks in Pennsylvania (X08MSBNIPA), retrieved from FRED.