Profits and Balance Sheet Developments at U.S. Commercial Banks in 2007
Figure 13. Change in selected domestic liabilities at banks, 1990-2007. Data plotted as curves. Savings deposits grew at a rate of about 6.5 percent in 1990. That rate accelerated to about 15 percent during the next two years before slowing in 1993 and contracting in 1994 to about negative 5 percent. The growth rate picked up in 1995 and moved in a range between 10 percent and 20 percent from 1996 to 2004, with a slight dip in 1999. During 2005 and 2006, the growth rate was around 6 percent; in 2007, the growth rate declined to about 3 percent. Small time deposits grew 16 percent in 1990 before contracting during the next three years. The growth rate accelerated to about 6 percent in 1994 and reached more than 10 percent in 1995, but it fell to a range between zero percent and 4 percent from 1996 to 1999. The growth rate then rose to 13 percent in 2000 before dropping to a range of about negative 5 percent to negative 10 percent from 2001 to 2003. The growth rate then rose to almost 18 percent in 2006 but fell to about 6 percent in 2007. The growth rate of transaction deposits started at about 2.5 percent in 1990, rose to a rate of 14.5 percent in 1992, and slowed to a range between zero percent and negative 4.5 percent from 1994 to 2000, with a dip in 1999. The growth rate then fluctuated, rising to about 10 percent in 2001 and plunging to negative 5 percent in 2002. The growth rate oscillated between 3 percent and negative 4 percent during the next four years, with a final value of about negative 1 percent in 2007.
Note: The data are as of year-end. Savings deposits include money market deposit accounts.