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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (93252)	11/27/2001 11:58:00 AM
From: Freedom Fighter	Respond to of 132070

Thanks. Very interesting. Wayne

To: Ahda who wrote (93252)	11/27/2001 6:25:38 PM
From: yard_man	Read Replies (1) \| Respond to of 132070

wow -- 7% growth is weak??

To: Ahda who wrote (93252)	12/1/2001 2:46:01 AM
From: umbro	Read Replies (1) \| Respond to of 132070

Although the savings rate has moved up only modestly, total savings deposits appear to up over 25% y-o-y. "Total Savings - All Depository Institutions" stls.frb.org Monthly: 1999.09 1741.42 1999.10 1746.68 1999.11 1745.03 1999.12 1736.24 2000.01 1734.55 2000.02 1750.56 2000.03 1757.33 2000.04 1766.77 2000.05 1774.75 2000.06 1783.50 2000.07 1797.65 2000.08 1816.88 2000.09 1838.43 2000.10 1845.69 2000.11 1857.71 2000.12 1873.54 2001.01 1889.98 2001.02 1929.71 2001.03 1962.94 2001.04 1992.64 2001.05 2028.51 2001.06 2063.17 2001.07 2089.38 2001.08 2132.77 2001.09 2185.50 2001.10 2219.17 stls.frb.org Weekly: 20011001 2188.9 20011008 2208.8 20011015 2218.5 20011022 2220.3 20011029 2221.6 20011105 2245.5 20011112 2271.6 20011119 2279.6 Possible explanations: 1) Salaries/bonuses are up over 25% y-o-y (doubtful <g>) 2) Move away from riskier assets like stocks, money market funds, bonds, etc. towards much lower risk, possibly more liquid funds. 3) Diversion of funds that had been scheduled into retirement investment accounts back into income, then savings. 4) Monetization of home equity by cash out refinancings.