Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Anguilla
AIAFCLODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
736,621,000.00
Year-over-Year Change
262.66%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding deposits held by households at commercial banks in Anguilla. It provides insights into the level of financial services usage and household savings in the local economy.
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 Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Anguilla metric tracks the total value of deposit accounts maintained by households with commercial banks operating in the territory. This data point is a key indicator of financial inclusion and household liquidity.
Methodology
The data is collected by the Central Bank of Anguilla through mandatory reporting from licensed commercial banks.
Historical Context
Economists and policymakers monitor this trend to assess the financial health and stability of the Anguillan economy.
Key Facts
- Anguilla has a population of around 15,000 people.
- Commercial banks in Anguilla hold over $300 million in household deposits.
- Deposit values have grown by 5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposit accounts held by households at commercial banks operating in Anguilla.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the level of financial inclusion and household savings in the Anguillan economy, which are important indicators of economic stability and development.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Anguilla through mandatory reporting from licensed commercial banks in the territory.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this trend to assess the financial health and stability of the Anguillan economy, which can inform decisions around financial regulations and development initiatives.
Q: Are there update delays or limitations?
A: The data is published quarterly with a typical 3-month reporting lag. There may be limited coverage of smaller financial institutions.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Anguilla (AIAFCLODCHXDC), retrieved from FRED.