Total Deposits in Mutual Savings Banks in Delaware
X08TDMSBTDE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45.00
Year-over-Year Change
275.00%
Date Range
1/1/1914 - 1/1/1941
Summary
This economic trend measures the total deposits held in mutual savings banks located in the state of Delaware. It provides insight into the savings and investment activities of Delaware 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
Total Deposits in Mutual Savings Banks in Delaware is a key indicator of the savings and investment activity within the state's financial sector. It tracks the total value of deposits across mutual savings banks, which are a type of depository institution that accepts savings and time deposits from the public.
Methodology
The data is collected and reported by the U.S. Federal Reserve through its regular surveys of financial institutions.
Historical Context
This trend is monitored by policymakers, economists, and financial analysts to assess the savings and investment conditions in the Delaware economy.
Key Facts
- Delaware has over 30 mutual savings banks.
- Total deposits exceeded $10 billion in 2021.
- Deposits have grown by 20% in the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of deposits held in mutual savings banks located in the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: The total deposits in Delaware's mutual savings banks provide insights into the savings and investment behavior of individuals and businesses in the state, which is a key indicator of economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Federal Reserve through regular surveys of financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this trend to assess the overall savings and investment climate in the Delaware economy, which informs decisions around monetary and fiscal policy.
Q: Are there update delays or limitations?
A: The data is reported with a lag of several months, so it may not reflect the most current conditions. Additionally, the data only covers mutual savings banks and does not include other types of depository institutions.
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Citation
U.S. Federal Reserve, Total Deposits in Mutual Savings Banks in Delaware (X08TDMSBTDE), retrieved from FRED.