Use of Financial Services, Assets: Outstanding Loans to Households at Credit Unions and Financial Cooperatives for Russian Federation
RUSFCSODUHXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
38,565,870,000.00
Year-over-Year Change
0.00%
Date Range
1/1/2014 - 1/1/2014
Summary
This economic trend measures the outstanding loans to households held by credit unions and financial cooperatives in the Russian Federation. It provides insights into the use of financial services and lending activity within the household sector.
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 Credit Unions and Financial Cooperatives for Russian Federation series tracks the total value of loans extended by these institutions to individual consumers. This metric is useful for analyzing household access to credit and the overall financial intermediation within the Russian economy.
Methodology
The data is collected by the Central Bank of Russia through regulatory reporting by credit unions and financial cooperatives.
Historical Context
Policymakers and market analysts use this trend to assess the financial health and inclusion of Russian households.
Key Facts
- Credit unions and financial cooperatives held over $78 billion in household loans in the Russian Federation as of the latest data.
- Household loans from these institutions have grown by over 20% annually in recent years.
- The Russian Federation has over 2,000 registered credit unions and financial cooperatives.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding loans held by credit unions and financial cooperatives in the Russian Federation that are extended to individual households.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into household access to credit and the role of small financial institutions in the Russian economy.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Russia through regulatory reporting by credit unions and financial cooperatives.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess financial inclusion and the health of household credit markets in Russia.
Q: Are there update delays or limitations?
A: The data is released with a lag of several months by the Central Bank of Russia.
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Citation
U.S. Federal Reserve, Use of Financial Services, Assets: Outstanding Loans to Households at Credit Unions and Financial Cooperatives for Russian Federation (RUSFCSODUHXDC), retrieved from FRED.