The Fed has begun its periodic survey of consumer finances.

The survey asks consumers detailed questions on how they invest. The study also examines why consumers buy financial products from multiple institutions and why some consumers do not open bank accounts. The data will be broken down by age, income, education, race, and occupation.

The Fed said Monday that it has hired the National Opinion Research Center at the University of Chicago to conduct the poll, which is done every three years. Interviews for the survey will occur through December. Results are expected to be published in fall 1999.

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