Statistics, Facts, & Such
- In 2002 there was about $620 billion in United States currency (banknotes and coins) in circulation in Europe. 50% to 75% of U.S. banknotes are circulated outside the U.S.
EC Blue Book Addendum, 2002
- It is estimated that seven million adults, or 3.4% of United States consumers, were victims of identity theft during the 12-month period ending June, 2003. This is a growth of 79% over the previous 12 months.
Federal Trade Commission, Gartner, Inc.
- 40% of the US credit card fraud losses are international in origin. The top five countries where this fraud occurs most often are Yugoslavia, Nigeria, Romania, Pakistan and Indonesia.
MSNBC Report, April 5, 2004
- 15% of Americans have been a victim of identity theft, according to a survey by InsightExpress. 83% say they now destroy or shred bank and credit card statements and records.
Reported in Business Wire, 4/27/04
- 3 out of 5 consumers say banks are not doing enough to educate them on how to protect against identity theft. Quote: Lee Smith, President InsightExpress, 4/27/04
- Community banks account for 34% of all small business loans, which is more than twice community bank's share of total banking assets.
ICBA, 4/16/04
- More than $1.7 trillion has been invested in depressed and minority neighborhoods under the Community Reinvestment Act since 1977.
New York Times, 4/14/04
- Customers who have debit cards use them for almost 30% of all their purchases under $20. This is a 61% increase over the use of debit cards in 2001.
Credit Union TechTalk, MasterCard Study, June, 2004
- 75% of business calls end up in voice mail. The average bank employee wastes about two full days each month playing "telephone tag."
Credit Union TechTalk, Sage Research, June, 2004
Copyright © 2004 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 14, No. 2, 5/05
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