Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Singapore
SGPFCLODDXDC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53,747,400,000.00
Year-over-Year Change
321.78%
Date Range
1/1/2004 - 1/1/2024
Summary
This economic trend measures the outstanding deposits held at non-bank financial institutions in Singapore. It provides insights into the use of diverse financial services beyond traditional banking.
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 Singapore metric tracks the total value of deposits held at deposit-taking institutions in Singapore that are not commercial banks. This offers a broader view of financial intermediation and the development of the country's financial ecosystem.
Methodology
The data is collected and reported by the Monetary Authority of Singapore.
Historical Context
This trend is used by policymakers and analysts to monitor the depth and diversity of Singapore's financial sector.
Key Facts
- Singapore is a global financial hub.
- Non-bank deposit takers play a key role in the country's financial ecosystem.
- Deposits at these institutions have grown steadily in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of deposits held at deposit-taking institutions in Singapore that are not commercial banks, providing insights into the depth and diversity of the country's financial sector.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for understanding the broader financial intermediation and development of Singapore's financial ecosystem beyond just the traditional banking sector.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Monetary Authority of Singapore.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor the depth and diversity of Singapore's financial sector, which is crucial for the country's economic growth and stability.
Q: Are there update delays or limitations?
A: The data is published regularly by the Monetary Authority of Singapore, but there may be some delays in reporting and potential limitations in coverage or scope.
Related Trends
Geographical Outreach: Number of Branches, Excluding Headquarters, for Other Depository Corporations for Singapore
SGPFCBODNUM
Number of Identified Exporters to Singapore from Iowa
IASGPA475SCEN
Provisions to Non-Performing Loans for Singapore
DDSI07SGA156NWDB
Use of Financial Services, Assets: Outstanding Loans at Other Deposit Takers for Singapore
SGPFCSODDXDC
Value Traded of Top 10 Traded Companies to Total Value Traded for Singapore
DDAM01SGA156NWDB
Deposit Money Bank Assets to Deposit Money Bank Assets and Central Bank Assets for Singapore
DDDI04SGA156NWDB
Citation
U.S. Federal Reserve, Use of Financial Services, Liabilities: Outstanding Deposits at Other Deposit Takers for Singapore (SGPFCLODDXDC), retrieved from FRED.