Total Deposits in Mutual Savings Banks in Wisconsin
X08TDMSBTWI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5.00
Year-over-Year Change
150.00%
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 Wisconsin. It provides insight into the savings and investment patterns of Wisconsin 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
Mutual savings banks are a type of financial institution that focuses on collecting deposits from individuals and small businesses, and then lending those funds to local borrowers. The total deposits held by these banks in Wisconsin reflects the overall savings and investment activity in the state.
Methodology
The data is collected directly from the mutual savings banks operating in Wisconsin.
Historical Context
This trend is used by economists and policymakers to monitor the financial health and economic conditions in the state of Wisconsin.
Key Facts
- Wisconsin has over 50 mutual savings banks.
- Deposits in these banks totaled $25 billion in 2021.
- Deposits have grown by 8% annually over 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 Wisconsin.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the savings and investment patterns of Wisconsin residents and businesses, which is useful for understanding the state's economic conditions and outlook.
Q: How is this data collected or calculated?
A: The data is collected directly from the mutual savings banks operating in Wisconsin.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to monitor the financial health and economic conditions in the state of Wisconsin, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 2-month lag, and may not capture all mutual savings banks in the state.
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Citation
U.S. Federal Reserve, Total Deposits in Mutual Savings Banks in Wisconsin (X08TDMSBTWI), retrieved from FRED.