Use of Financial Services Deposit Accounts: Accounts at Other Depository Corporations for Georgia
GEOFCAODNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,249,537.00
Year-over-Year Change
153.19%
Date Range
1/1/2008 - 1/1/2017
Summary
This economic trend measures the use of financial services deposit accounts at other depository corporations for the state of Georgia. It provides insights into financial inclusion and access to banking services in the region.
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 Deposit Accounts: Accounts at Other Depository Corporations for Georgia trend tracks the number of deposit accounts held at institutions other than the account holder's main financial services provider. This metric offers valuable data on financial services usage and market competition within the state.
Methodology
The data is collected through surveys of depository institutions in Georgia.
Historical Context
Policymakers and economists use this trend to assess financial accessibility and the competitive landscape of the banking sector.
Key Facts
- The trend measures deposit accounts at institutions other than the account holder's main provider.
- It offers insights into financial accessibility and market competition in Georgia.
- The data is collected through surveys of depository institutions in the state.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of deposit accounts held at institutions other than the account holder's main financial services provider in Georgia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insights into financial inclusion, access to banking services, and the competitive landscape of the banking sector in Georgia.
Q: How is this data collected or calculated?
A: The data is collected through surveys of depository institutions in the state of Georgia.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess financial accessibility and market competition within the banking industry in Georgia.
Q: Are there update delays or limitations?
A: The data may be subject to update delays and potential limitations in survey coverage or respondent accuracy.
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Citation
U.S. Federal Reserve, Use of Financial Services Deposit Accounts: Accounts at Other Depository Corporations for Georgia (GEOFCAODNUM), retrieved from FRED.