Number of Mutual Savings Banks in Massachusetts
X08MSBTMA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
191.00
Year-over-Year Change
-2.55%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend tracks the number of mutual savings banks operating in the state of Massachusetts. It provides insights into the health and structure of the local banking industry.
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 Number of Mutual Savings Banks in Massachusetts measures the total count of financial institutions classified as mutual savings banks that are headquartered and operating within the state. This data point is useful for analyzing the competitive landscape and consolidation trends in the Massachusetts banking sector.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its regular surveys of banking institutions.
Historical Context
Policymakers and industry analysts monitor this trend to understand the dynamics of the regional financial services market.
Key Facts
- Massachusetts had 25 mutual savings banks as of the latest data.
- Mutual savings banks are member-owned, non-profit financial institutions.
- The number of mutual savings banks in MA has declined over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the total number of mutual savings banks headquartered and operating within the state of Massachusetts.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the competitive structure and consolidation trends in the Massachusetts banking industry, which is useful for policymakers and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Federal Reserve through its regular surveys of banking institutions.
Q: How is this trend used in economic policy?
A: Policymakers and regulators monitor this trend to understand the dynamics of the regional financial services market and inform policies affecting the banking sector.
Q: Are there update delays or limitations?
A: The data is subject to the reporting timelines and survey methods of the Federal Reserve, which may result in occasional delays in updates.
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Citation
U.S. Federal Reserve, Number of Mutual Savings Banks in Massachusetts (X08MSBTMA), retrieved from FRED.