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Q: Consumer Banking ( No Answer,   1 Comment )
Subject: Consumer Banking
Category: Business and Money > Economics
Asked by: rainydayman-ga
List Price: $200.00
Posted: 13 Sep 2006 17:53 PDT
Expires: 13 Oct 2006 17:53 PDT
Question ID: 765096
What percentage and dollar of total bank deposits in the U.S. are
owned by consumers as opposed to business or government?

I will need authoritative sources.

Request for Question Clarification by pafalafa-ga on 13 Sep 2006 19:26 PDT

Oddly enough, consumers don't have any money in the banks.  To the
distress of many economists, the personal savings rate in the US is
slightly negative.

That is, people own more money to the banks (largely in the form of
mortgages) than they actually have in terms of personal savings in the

Given that current state of affairs, with a negative savings rate, it
would be useful to have a bit of feedback from you as to how you would
like that handled in terms of a response to your question.

In the meantime, though, I will continue my research, and if all
becomes clear, then I will post an answer as circumstances allow.



Clarification of Question by rainydayman-ga on 14 Sep 2006 14:30 PDT
Thanks. Note that I didn't ask for savings or savings rate, just
deposits. We can discuss net household savings another time, but for
now consumers DO have funds on deposit and those are the numbers I
seek, without consideration of potential offsets.

Request for Question Clarification by pafalafa-ga on 16 Sep 2006 14:07 PDT

Man, I spent a long time going through the National Income and Product
Accounts, and the Flow of Funds Accounts, trying to make sense of the
banking data, but it takes a special king of nerd to unravel those
data, and I'm just the wrong type.

I did come across this, however:

According to data from the American Bankers Association, American
households had $32.1 trillion in total assets in 2004.  Of these, 13%
- $4.17 tillion -- are in bank deposits.

Compare this number to the total for all bank deposits, reported by
the FDIC, of $5.9 trillion:

Using these two data points, we can see that households account for
4.17 / 5.9 = 70.68% of total deposits.

I haven't posted this as an answer, yet, since I'm not 100% clear on
the sort of information and the level of detail you're seeking.

If the above data looks good to you, let me know, and I'll repost the
information as an answer to your question, along with links to the
sources for each data point.



Clarification of Question by rainydayman-ga on 21 Sep 2006 14:10 PDT
If you can tie those numbers to any other numbers supporting that the
amount held be non-consumers, such as governments and business, is on
the order of 30%, then you have an answer.

The reason for needing to tie the numbers is to confirm that
"households" and "consumers" are at least approximately the same

Make certain that the time periods tie.

With all that, I believe you have an answer.

Request for Question Clarification by pafalafa-ga on 22 Sep 2006 15:53 PDT

Man!  Whoever said "Follow the money" didn't have your particular
question mind.  It's tough tracking down the relevant stats, and when
I find them, it's even tougher making any sense out of them.

Banks provide detailed financial reports to the Federal Reserve.
Here's a link to an excerpt from one such report from Citigroup,
detailing its deposits.

Head here:

and click on the file that says [ Citibank Deposits ] and let me know
if any of the data on that sheet is meaningful/helpful in any way.

If it is, I can probably get similar data for the entire banking
system.  But like I said, getting it and understanding it are two
different things!...for me, anyway.



Request for Question Clarification by pafalafa-ga on 22 Sep 2006 15:55 PDT
P.S.  Click on "Original Size" to get the image into an easily viewable format.

Clarification of Question by rainydayman-ga on 26 Sep 2006 13:52 PDT
No, that won't do becuase it doesn't differentiate the ownership of
the deposits. Call the Federal Reserve?
There is no answer at this time.

Subject: Re: Consumer Banking
From: tassetee-ga on 16 Sep 2006 10:06 PDT
how about trying this? its for the european union, and only splitted
to enterprises/households and governments, but still. give it a try :)

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