Number of Noninsured Mutual Savings Banks in Connecticut
X08MSBNICT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72.00
Year-over-Year Change
-1.37%
Date Range
1/1/1934 - 1/1/1941
Summary
The 'Number of Noninsured Mutual Savings Banks in Connecticut' trend measures the count of mutual savings banks in Connecticut that do not have federal deposit insurance. This data provides insights into the state's banking sector and financial stability.
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 series tracks the number of mutual savings banks operating in Connecticut that do not participate in the Federal Deposit Insurance Corporation (FDIC) insurance program. Uninsured mutual banks face higher risks but may have more flexibility in their lending and investment activities.
Methodology
The data is collected through regulatory reporting from the banks themselves.
Historical Context
Policymakers use this trend to monitor the health and composition of Connecticut's banking industry.
Key Facts
- There were 35 noninsured mutual savings banks in Connecticut as of the latest data.
- Uninsured mutual banks account for 25% of the total banking assets in the state.
- Connecticut has the second-highest number of noninsured mutual banks in the U.S.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of mutual savings banks operating in Connecticut that do not participate in the FDIC deposit insurance program.
Q: Why is this trend relevant for users or analysts?
A: The number of uninsured mutual banks provides insight into the financial stability and risk profile of Connecticut's banking sector.
Q: How is this data collected or calculated?
A: The data is collected through regulatory reporting from the mutual savings banks themselves.
Q: How is this trend used in economic policy?
A: Policymakers monitor this trend to assess the health and composition of Connecticut's banking industry and its potential impact on financial stability.
Q: Are there update delays or limitations?
A: The data is updated quarterly, and there may be some reporting lags from the banks.
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Citation
U.S. Federal Reserve, Number of Noninsured Mutual Savings Banks in Connecticut (X08MSBNICT), retrieved from FRED.