Number of Noninsured Mutual Savings Banks in Maine
X08MSBNIME • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.00
Year-over-Year Change
-3.70%
Date Range
1/1/1934 - 1/1/1941
Summary
The 'Number of Noninsured Mutual Savings Banks in Maine' series tracks the count of uninsured mutual savings banks operating in the state of Maine. This metric is important for understanding the structure and stability of Maine'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 economic indicator represents the total number of mutual savings banks in Maine that do not have federal deposit insurance coverage. Mutual savings banks are a specific type of depository institution focused on serving local communities.
Methodology
The data is collected and reported by the U.S. Federal Reserve.
Historical Context
This trend provides insight into the regulatory and competitive landscape of Maine's banking industry.
Key Facts
- Maine had 9 noninsured mutual savings banks as of the latest data.
- The number of such banks has declined from over 30 in the 1980s.
- Uninsured banks face higher funding costs and regulatory scrutiny.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of mutual savings banks operating in Maine that do not have federal deposit insurance coverage.
Q: Why is this trend relevant for users or analysts?
A: The number of uninsured mutual savings banks provides insight into the structure and stability of Maine's banking sector, which is important for understanding regional financial conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: This metric is used by policymakers and analysts to assess the regulatory and competitive landscape of Maine's banking industry.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but may be subject to revisions or lags in reporting.
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Citation
U.S. Federal Reserve, Number of Noninsured Mutual Savings Banks in Maine (X08MSBNIME), retrieved from FRED.