Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Austria
AUTFCLODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143,994,520,413.19
Year-over-Year Change
54.51%
Date Range
1/1/2004 - 1/1/2022
Summary
This economic trend measures the total outstanding deposits held at other deposit-taking institutions in Austria. It provides insight into the level of financial intermediation and domestic deposit-taking activity in the Austrian 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 at Other Deposit Takers for Austria tracks the total value of deposits held at non-bank financial institutions that accept deposits, such as credit unions and savings and loan associations. This metric offers a broader view of domestic financial intermediation beyond just commercial banks.
Methodology
The data is collected by the Austrian National Bank through surveys of deposit-taking institutions.
Historical Context
Policymakers and analysts use this metric to assess the depth and breadth of Austria's financial system beyond the commercial banking sector.
Key Facts
- Austria has a well-developed financial system with a diverse array of deposit-taking institutions.
- Deposits at non-bank institutions account for about 20% of total domestic deposits in Austria.
- Levels of non-bank deposits are an indicator of financial inclusion and access to credit.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of outstanding deposits held at deposit-taking institutions in Austria other than commercial banks, such as credit unions and savings and loan associations.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a broader view of financial intermediation in Austria beyond just the commercial banking sector, offering insight into the depth and diversity of the country's financial system.
Q: How is this data collected or calculated?
A: The data is collected by the Austrian National Bank through surveys of non-bank deposit-taking institutions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the level of financial inclusion and access to credit in Austria beyond the commercial banking system.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, and may not capture all deposit-taking institutions in Austria.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Austria (AUTFCLODDXDC), retrieved from FRED.