What is the average balance of a united states checking account, or
savings account. And where is this information obtained.
Hello calikid79-ga,
I can provide you with the following information:
The 2001 median value of US families holdings in transaction accounts.
Transaction accounts are comprised of checking, savings, and money
market deposit accounts, money market mutual funds, and call accounts
at brokerages.
The 1995 median value of assets for households, by type of asset
owned, which includes interest-earning assets at financial
institutions, other interest-earning assets, checking accounts, stocks
and mutual fund shares.
This data is from government sources.
Please let me know if this information would meet your needs.
Googlenut FINANCIAL AND ECONOMIC STATISTICS MONTHLY: Bank of Japan::
Others (Prices, Public Finance, Balance of Payments, Customs Clearance, Economic Forecast and International Statistics) / PDF, November 21, 2008, sk5.pdf
http://www.boj.or.jp/en/type/release/teiki/sk/ske.htmHOME |
Welcome to the Nova Scotia Department of Finance - Economics ::
The Nova Scotia Department of Finance, Economics and Statistics Division, is the Nova Scotia Statistics Agency as established by the Nova Scotia Statistics
http://www.gov.ns.ca/finance/statisti/HOME |
Thanks googlenut for your quick response.. I am tring to find out what
the average bank and savings account of the average american. I am
creating a web site that needs this information. The stocks and bonds
are different and are of no use. I have found small sections on
different banks that have an average of their account holders. But i
need the national average.
Thanks
I also need the information to be as current as possible.
Hello calikid79-ga,
Thank you for the clarification.
I have found the average personal savings account balance at the end of 2000.
Is this recent enough?
Googlenut
Hello calikid79-ga,
Would you be interested in a source that allows you to purchase recent
banking industry publications, which contain the type of data that you
are looking for?
The prices range from $100 to $800. I believe you can get the data
you want for 2001 by purchasing one of the documents for $100.
Googlenut
thanks googlenut that would be great to have the savings balance...
also where I could buy the additional information i need...
thanks..
Hello calikid79-ga,
According to the American Bankers Association (ABA)
http://www.aba.com/Consumer+Connection/CNC_faqs.htm
“The average personal savings account balance was $3,466 at the end of
2000.”
The source of this data is the ABA Retail Banking Survey, Tenth
Edition.
The Eleventh Edition of the ABA Retail Banking Survey is currently
available.
http://www.aba.com/Surveys+and+Statistics/ss_retail.htm
This report can be purchased for $800 ($400 for ABA members).
The Tenth Edition can be purchased at Numbersource.Enumerate.com
http://numbersource.enumerate.com/viewPublication.do?publicationID=111
The price for the full report is $800. However, they also sell the
individual tables for $100.
The table that I believe has the data that you are interested in is:
Number and Dollar Balances of Individual Transaction Accounts per Bank
(by type of account)
http://numbersource.enumerate.com/viewAsset.do?assetID=2170
However, I recommend that you contact the ABA to confirm that this is
the correct table.
The ABA contact information can be found at
http://www.aba.com/about+aba/abainfo.htm
Numbersource.Enumerate.com also lists the Eleventh Edition.
http://numbersource.enumerate.com/viewPublication.do?publicationID=633
However, it doesn’t appear to be available for purchase (no prices are
listed). You may want to contact them to see if it is available.
Their contact information can be found here:
http://numbersource.enumerate.com/contact.jsp
=============================
The Federal Reserve Board (FRB) also published banking industry
statistics. The Federal Reserve Board 2001 Survey of Consumer Finances
can be downloaded for free at:
Recent Changes in U.S. Family Finances: Evidence from the 1998 and
2001 Survey of Consumer Finances
http://www.federalreserve.gov/pubs/oss/oss2/2001/scf2001home.html#summary
http://www.federalreserve.gov/pubs/oss/oss2/2001/bull0103.pdf
According to this report, table 5.B (page 13), the 2001 Median value
of transaction accounts was $4,000.
“A transaction account is defined as a category comprising checking,
savings, and money market deposit accounts, money market mutual funds,
and call accounts at brokerages.” (Page 9)
=============================
The US Census Bureau also published this type of data. The most recent
data that I was able to find at the Census Bureau website was for
1995.
Asset Ownership of Households: 1995
http://www.census.gov/hhes/www/wealth/1995/wlth95-1.html
Based on this data, the Median Value of regular checking accounts was
$500.
=============================
If you look at the data we have now (although from different years and
sources), it is consistent. If you assume that the FRB data on
transaction accounts is primarily checking and savings accounts:
Average savings value - 3,500 (approx., ABA 2000)
Median checking value - $500 (Census Bureau 1995)
Total - $4,000 (FRB 2002)
=============================
I hope you have found this information helpful. If you have any
questions, please request clarification prior to rating the answer.
Googlenut
Search Strategy:
Searched Federal Reserve Board and Census Bureau websites.
Successful Google Search Terms:
"consumer finances" "average balance" "united states" "checking
account"
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"savings account balance" average american
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"banking statistics" checking savings personal
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wealth assets average checking savings
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The last line in my table should read:
Total - $4,000 (FRB 2001)
Googlenut
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 INSTANCE / WAITING FOR SPRING
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finance statisics