Use of Financial Services, Assets: Outstanding Loans to Households at Commercial Banks for Montserrat
MSRFCSODCHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
72,326,000.00
Year-over-Year Change
10.78%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding loans to households at commercial banks in Montserrat. It provides insights into the level of household borrowing and access to financial services 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, Assets: Outstanding Loans to Households at Commercial Banks for Montserrat series tracks the total value of loans extended by commercial banks to individual households in Montserrat. This metric is used by economists and policymakers to gauge the health of the consumer credit market and household financial conditions.
Methodology
The data is collected directly from commercial banks operating in Montserrat and aggregated by the national statistical agency.
Historical Context
Trends in household borrowing are closely monitored by central banks and finance ministries to inform monetary and fiscal policies.
Key Facts
- Montserrat is a British Overseas Territory in the Caribbean.
- Household borrowing accounts for a significant portion of total bank lending in Montserrat.
- Loan volumes have fluctuated in response to economic conditions and policy changes.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding loans extended by commercial banks to individual households in Montserrat.
Q: Why is this trend relevant for users or analysts?
A: Trends in household borrowing provide insights into consumer financial health and access to credit, which are important indicators for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected directly from commercial banks operating in Montserrat and aggregated by the national statistical agency.
Q: How is this trend used in economic policy?
A: Central banks and finance ministries monitor household borrowing trends to inform monetary and fiscal policies that impact consumer credit markets.
Q: Are there update delays or limitations?
A: There may be lags in data reporting due to the small size of Montserrat's financial sector, and the series may not fully capture informal lending activities.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Households at Commercial Banks for Montserrat (MSRFCSODCHXDC), retrieved from FRED.