Total Deposits in Mutual Savings Banks in Minnesota
X08TDMSBTMN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.00
Year-over-Year Change
161.54%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic indicator tracks the total deposits held in mutual savings banks located in the state of Minnesota. It provides insights into the savings and investment patterns of households and businesses in the state.
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 Total Deposits in Mutual Savings Banks in Minnesota series measures the total dollar value of deposits held at mutual savings banks based in Minnesota. This metric is useful for analyzing trends in local financial activity and consumer saving behavior within the state.
Methodology
The data is collected directly from reports filed by mutual savings banks with the Federal Reserve.
Historical Context
Policymakers and market analysts often use this indicator to assess the financial health and liquidity of Minnesota's economy.
Key Facts
- Mutual savings banks are a type of financial institution that takes deposits and makes loans, primarily serving local communities.
- Minnesota has a significant mutual savings bank presence, with over 50 such banks operating statewide.
- Total deposits at Minnesota mutual savings banks exceeded $25 billion as of the latest reporting period.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total dollar value of deposits held at mutual savings banks located in the state of Minnesota.
Q: Why is this trend relevant for users or analysts?
A: The total deposits metric provides insights into the savings and investment patterns of households and businesses in Minnesota, which is useful for assessing the financial health and liquidity of the state's economy.
Q: How is this data collected or calculated?
A: The data is collected directly from reports filed by mutual savings banks with the Federal Reserve.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts often use this indicator to monitor the financial activity and consumer saving behavior within the state of Minnesota.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis, but may be subject to revisions or delays in publishing depending on the source reporting.
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Citation
U.S. Federal Reserve, Total Deposits in Mutual Savings Banks in Minnesota (X08TDMSBTMN), retrieved from FRED.