Gross Domestic Product: Finance and Insurance (52) in the District of Columbia
Annual, Not Seasonally Adjusted
DCFININSNGSP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,339.10
Year-over-Year Change
106.16%
Date Range
1/1/1997 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted series measures the total value of financial institution deposits in the United States. This metric provides insight into consumer and business savings patterns, a key indicator of economic stability and growth.
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 Annual, Not Seasonally Adjusted series captures the year-over-year change in total deposits held at U.S. commercial banks, savings institutions, and other financial intermediaries. This data series is widely used by economists and policymakers to analyze trends in household and business liquidity.
Methodology
The Federal Reserve collects this data directly from financial institutions and calculates the annual, unadjusted total.
Historical Context
Policymakers and market analysts closely monitor deposit trends to gauge consumer confidence and the broader financial health of the economy.
Key Facts
- Annual deposit values topped $18 trillion in 2022.
- Deposit growth slowed to 2.4% in 2022 after surging during the pandemic.
- The personal savings rate declined from over 25% in 2020 to 3.1% in 2022.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted series tracks the total value of deposits held at U.S. financial institutions over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: Deposit data provides insights into household and business savings patterns, which are important indicators of economic stability and consumer confidence.
Q: How is this data collected or calculated?
A: The Federal Reserve collects this data directly from financial institutions and calculates the annual, unadjusted total.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts monitor deposit trends to assess the broader financial health of the economy and make informed decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of several months.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (DCFININSNGSP), retrieved from FRED.