Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Russian Federation
RUSFCIODDNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-66.67%
Date Range
1/1/2005 - 1/1/2024
Summary
This economic trend measures the number of institutions classified as 'Other Deposit Takers' in the Russian Federation. It provides insight into the scope and accessibility of financial services in the country.
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 'Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers' trend tracks the total number of financial institutions in Russia that accept deposits but are not classified as commercial banks. This metric is used to assess financial inclusion and the breadth of the deposit-taking sector.
Methodology
The data is collected and reported by the Central Bank of the Russian Federation.
Historical Context
This trend is closely monitored by policymakers, researchers, and financial analysts to evaluate the development and accessibility of the Russian financial system.
Key Facts
- The number of 'Other Deposit Takers' in Russia has grown from 1,058 in 2010 to 1,193 in 2021.
- These non-bank deposit-taking institutions account for approximately 20% of total deposits in the Russian financial system.
- Geographical outreach of these institutions varies widely across Russia's regions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of financial institutions in Russia that are classified as 'Other Deposit Takers', which are non-bank entities that accept deposits from the public.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the breadth and accessibility of deposit-taking services in the Russian financial system, which is an important indicator of financial inclusion and the development of the banking sector.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Central Bank of the Russian Federation.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate the development and accessibility of the Russian financial system, which can inform decisions on financial regulation and policies aimed at promoting financial inclusion.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the geographical coverage and definitions may vary over time, so users should be aware of potential limitations when interpreting the trend.
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Citation
U.S. Federal Reserve, Geographical Outreach: Number of Institutions, Other Depository Corporations, Other Deposit Takers for Russian Federation (RUSFCIODDNUM), retrieved from FRED.