Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Austria
AUTFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131,478,735,229.90
Year-over-Year Change
46.20%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding deposits held at commercial banks in Austria. It provides insight into the level of financial services utilization and domestic economic activity.
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 Outstanding Deposits at Commercial Banks for Austria metric represents the total value of deposits held by customers with commercial banks operating in the country. This data point is used by economists and policymakers to gauge the overall health and level of financial intermediation within the Austrian economy.
Methodology
The data is collected by the Austrian National Bank through surveys of commercial banking institutions.
Historical Context
Trends in deposit levels are closely monitored by the Austrian central bank and financial regulators to assess monetary and credit conditions.
Key Facts
- Austria has over 600 commercial banks.
- Deposits account for over 75% of Austrian banks' total liabilities.
- Deposit levels have grown by an average of 3% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total value of deposits held by customers with commercial banks operating in Austria.
Q: Why is this trend relevant for users or analysts?
A: Deposit levels are a key indicator of financial services utilization and overall economic activity within Austria.
Q: How is this data collected or calculated?
A: The data is collected by the Austrian National Bank through surveys of commercial banking institutions.
Q: How is this trend used in economic policy?
A: Deposit level trends are closely monitored by the Austrian central bank and financial regulators to assess monetary and credit conditions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with minimal delays.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Austria (AUTFCLODCXDC), retrieved from FRED.