Total Deposits in Mutual Savings Banks in Ohio
X08TDMSBTOH • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.00
Year-over-Year Change
92.31%
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 Ohio. It is an important indicator of consumer saving and financial activity in the region.
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 Total Deposits in Mutual Savings Banks in Ohio metric tracks the aggregate value of deposits held by individuals and businesses at mutual savings banks headquartered in Ohio. It provides insight into the savings and financial health of Ohio's population and economy.
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 used by economists, policymakers, and market analysts to assess consumer and business confidence, as well as the overall banking and savings environment in Ohio.
Key Facts
- Ohio has over 50 mutual savings banks.
- Deposits at these banks totaled $24 billion as of the latest data.
- Deposit growth has averaged 3% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by individuals and businesses at mutual savings banks located in the state of Ohio.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer savings and financial activity in the Ohio region, which is useful for economists, policymakers, and market 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 financial institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess consumer and business confidence, as well as the overall banking and savings environment in Ohio.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the Federal Reserve, with a typical update delay of 1-2 months.
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Citation
U.S. Federal Reserve, Total Deposits in Mutual Savings Banks in Ohio (X08TDMSBTOH), retrieved from FRED.