Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Montserrat
MSRFCLODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
171,115,000.00
Year-over-Year Change
25.00%
Date Range
1/1/2004 - 1/1/2024
Summary
This trend measures the outstanding deposits held by households at commercial banks in Montserrat. It provides insight into the level of household liquidity and financial services usage 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 Montserrat tracks the total value of deposits maintained by individual consumers at commercial banking institutions in the country. This metric serves as an indicator of household savings, transaction activity, and overall financial inclusion.
Methodology
The data is collected through regular reporting from commercial banks operating in Montserrat.
Historical Context
Policymakers and analysts use this trend to assess the financial health and banking behaviors of Montserrat's household sector.
Key Facts
- Montserrat is a British Overseas Territory in the Caribbean.
- Commercial banks are the primary financial service providers in Montserrat.
- Household deposits account for a significant portion of the country's banking system liabilities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held by households at commercial banks operating in Montserrat.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of household liquidity, financial inclusion, and overall banking activity in the Montserrat economy.
Q: How is this data collected or calculated?
A: The data is collected through regular reporting from the commercial banks operating in Montserrat.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the financial health and banking behaviors of Montserrat's household sector.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags by the commercial banks and limited due to the small size of Montserrat's financial system.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits by Households at Commercial Banks for Montserrat (MSRFCLODCHXDC), retrieved from FRED.