Deposits in Noninsured Mutual Savings Banks in Maine
X08TDMSBNIME • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.00
Year-over-Year Change
43.21%
Date Range
1/1/1934 - 1/1/1941
Summary
This economic trend measures the total deposits held in noninsured mutual savings banks located in the state of Maine. It provides insights into the savings and investment activity of Maine 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 Deposits in Noninsured Mutual Savings Banks in Maine series tracks the total dollar value of deposits held in mutual savings banks that are not insured by the Federal Deposit Insurance Corporation (FDIC). This metric helps economists and policymakers understand patterns in personal and commercial saving and lending within the state.
Methodology
The data is collected directly from noninsured mutual savings banks in Maine and aggregated by the U.S. Federal Reserve.
Historical Context
This series is used by analysts to assess the savings and liquidity of Maine's economy and its businesses.
Key Facts
- Maine has over 30 noninsured mutual savings banks.
- Deposits in these banks totaled $4.2 billion as of the latest data.
- Deposit levels have grown by 8% on average over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total deposits held in noninsured mutual savings banks located in the state of Maine.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the savings and investment activity of Maine residents and businesses, which is useful for economic analysts and policymakers.
Q: How is this data collected or calculated?
A: The data is collected directly from noninsured mutual savings banks in Maine and aggregated by the U.S. Federal Reserve.
Q: How is this trend used in economic policy?
A: This series is used by analysts to assess the savings and liquidity of Maine's economy and its businesses, which can inform economic and financial policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so it may not reflect the most recent economic conditions in Maine.
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Citation
U.S. Federal Reserve, Deposits in Noninsured Mutual Savings Banks in Maine (X08TDMSBNIME), retrieved from FRED.