Millions of Dollars, Monthly Rate
This dataset tracks millions of dollars, monthly rate over time.
Latest Value
227.88
Year-over-Year Change
-25.42%
Date Range
7/1/1980 - 5/1/2025
Summary
The 'Millions of Dollars, Monthly Rate' economic trend measures the monthly value of U.S. bank overdrafts and overdrafts on any type of account at depository institutions. This data provides insights into consumer borrowing behavior and banking system liquidity.
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
This economic indicator represents the total dollar amount of overdrafts at U.S. depository institutions on a monthly basis. It serves as a proxy for consumer demand for credit and the overall liquidity conditions in the banking system.
Methodology
The data is collected and calculated by the U.S. Federal Reserve through surveys of depository institutions.
Historical Context
Economists and policymakers use this metric to analyze consumer credit conditions and assess the health of the banking sector.
Key Facts
- The monthly average of bank overdrafts reached a high of $48.7 billion in June 2009.
- Overdrafts declined significantly during the 2008-2009 financial crisis, dropping from $43.6 billion in July 2008 to $33.7 billion in January 2010.
- Overdraft volume has generally trended downward since the financial crisis, reflecting changes in consumer borrowing behavior and banking regulations.
FAQs
Q: What does this economic trend measure?
A: The 'Millions of Dollars, Monthly Rate' trend measures the total dollar value of overdrafts at U.S. depository institutions on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer credit demand and the overall liquidity conditions in the banking system, which are important factors for economists and policymakers to monitor.
Q: How is this data collected or calculated?
A: The U.S. Federal Reserve collects this data through surveys of depository institutions.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze consumer credit conditions and assess the health of the banking sector, which can inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag of approximately two months, and it may be subject to revisions by the Federal Reserve.
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Citation
U.S. Federal Reserve, Millions of Dollars, Monthly Rate (DTBOVLWXDFBANM), retrieved from FRED.