Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Russian Federation
RUSFCLODCXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54,003,377,284,000.00
Year-over-Year Change
479.03%
Date Range
1/1/2004 - 1/1/2020
Summary
The 'Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Russian Federation' series measures the total value of deposits held by individuals and businesses at commercial banks in Russia. This provides insight into the level of financial intermediation and overall economic activity 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
This series tracks the outstanding deposit liabilities of commercial banks in Russia. It serves as an indicator of the public's use of the banking system and the overall level of financial inclusion in the Russian economy. Economists and policymakers analyze this data to assess the stability and development of the country's financial sector.
Methodology
The data is collected by the Central Bank of Russia through reports from commercial banks operating in the country.
Historical Context
This trend is closely monitored by international institutions and analysts to gauge Russia's macroeconomic and financial conditions.
Key Facts
- Russia has over 450 commercial banks operating in the country.
- Outstanding bank deposits in Russia were over $1 trillion as of the latest data.
- Deposit growth has slowed in recent years due to economic conditions.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total value of deposits held by individuals and businesses at commercial banks operating in Russia. It provides insight into the level of financial intermediation and overall economic activity in the country.
Q: Why is this trend relevant for users or analysts?
A: This data is closely monitored by economists, policymakers, and international institutions to assess the stability and development of Russia's financial sector and broader macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the Central Bank of Russia through reports from the commercial banks operating in the country.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to gauge the level of financial inclusion, as well as the overall health and growth of the Russian economy.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the Central Bank of Russia, but may have some time lags compared to real-time economic conditions.
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Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Russian Federation (RUSFCLODCXDC), retrieved from FRED.