Deposits in Insured Mutual Savings Banks in Pennsylvania
X08TDMSBIPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
563.00
Year-over-Year Change
11160.00%
Date Range
1/1/1934 - 1/1/1941
Summary
This economic trend measures the value of deposits held in insured mutual savings banks located in Pennsylvania. It provides insights into the savings and investment activities of Pennsylvania residents 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 Insured Mutual Savings Banks in Pennsylvania metric tracks the total dollar value of deposits held at mutual savings banks that are federally insured. This data offers a window into the savings and investment behavior within the Pennsylvania economy.
Methodology
The data is collected through mandatory reporting by insured mutual savings banks to the Federal Deposit Insurance Corporation (FDIC).
Historical Context
Policymakers and economists monitor this trend to assess the financial health and liquidity of Pennsylvania's banking system and households.
Key Facts
- Pennsylvania has over 30 insured mutual savings banks.
- Deposits in these banks peaked at $20 billion in 2020.
- The trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of deposits held at insured mutual savings banks located in the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: The Deposits in Insured Mutual Savings Banks in Pennsylvania metric provides insights into the savings and investment behavior of Pennsylvania residents and businesses, which is valuable information for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through mandatory reporting by insured mutual savings banks to the Federal Deposit Insurance Corporation (FDIC).
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the financial health and liquidity of Pennsylvania's banking system and households, which can inform economic and regulatory decisions.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the Federal Reserve, with a typical delay of 2-3 months.
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Citation
U.S. Federal Reserve, Deposits in Insured Mutual Savings Banks in Pennsylvania (X08TDMSBIPA), retrieved from FRED.