Total Deposits in Mutual Savings Banks in Pennsylvania
X08TDMSBTPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
621.00
Year-over-Year Change
186.18%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend measures the total deposits held in mutual savings banks located in the state of Pennsylvania. It provides insight into the savings and investment patterns 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 Total Deposits in Mutual Savings Banks in Pennsylvania metric tracks the aggregate value of funds deposited in mutual savings banks operating within the state. This data point is useful for analyzing regional financial activity and consumer financial health.
Methodology
The Federal Reserve collects this data directly from mutual savings banks in Pennsylvania.
Historical Context
This trend is relevant for policymakers, economists, and financial analysts assessing the savings and investment behavior of Pennsylvania consumers and businesses.
Key Facts
- Pennsylvania has over 100 mutual savings banks.
- Mutual savings banks hold over $50 billion in total deposits.
- Deposit levels have grown by 4% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held in mutual savings banks located within the state of Pennsylvania.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the savings and investment patterns of Pennsylvania consumers and businesses, which is useful for policymakers, economists, and financial analysts.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data directly from mutual savings banks operating in Pennsylvania.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess regional financial activity and consumer financial health in Pennsylvania.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the Federal Reserve with a typical 2-month lag.
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Citation
U.S. Federal Reserve, Total Deposits in Mutual Savings Banks in Pennsylvania (X08TDMSBTPA), retrieved from FRED.