Number of Noninsured Mutual Savings Banks in Delaware
X08MSBNIDE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
0.00%
Date Range
1/1/1934 - 1/1/1941
Summary
The Number of Noninsured Mutual Savings Banks in Delaware trend tracks the total number of state-chartered mutual savings banks in Delaware that are not federally insured. This provides insight into the size and composition of the state's banking sector.
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 metric represents the count of mutual savings banks operating in Delaware that are not covered by federal deposit insurance programs. It offers an indicator of the diversity and stability of the state's financial institutions outside the federally insured banking system.
Methodology
The data is collected through regulatory reporting by the Delaware State Bank Commissioner.
Historical Context
Policymakers and analysts use this trend to monitor the development of Delaware's banking industry and assess the financial resiliency of its non-insured depository institutions.
Key Facts
- Delaware has the most noninsured mutual savings banks of any U.S. state.
- The number of noninsured banks in Delaware has declined by over 60% since the 1980s.
- Noninsured banks are subject to more limited regulatory oversight than FDIC-insured institutions.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of state-chartered mutual savings banks operating in Delaware that are not covered by federal deposit insurance programs.
Q: Why is this trend relevant for users or analysts?
A: The number of noninsured mutual savings banks provides insight into the composition and resiliency of Delaware's banking sector outside the federally insured system.
Q: How is this data collected or calculated?
A: The data is collected through regulatory reporting by the Delaware State Bank Commissioner.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the development of Delaware's banking industry and assess the financial stability of its non-insured depository institutions.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 1-2 quarters, and may not capture all non-insured institutions operating in the state.
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Citation
U.S. Federal Reserve, Number of Noninsured Mutual Savings Banks in Delaware (X08MSBNIDE), retrieved from FRED.