Statistics, Facts & Such
Bank Cardholders of America says the average bank card balance is now about $750.
A survey of 523 small business owners in the summer of 1990 revealed fifty five percent of them would like a banker to review their business and financial service usage and make suggestions for time and money saving options.
Fifty nine percent of those same 523 business owners were impressed enough with their financial institution to recommend them to other business people.
A study of 2000 white collar workers, (including those in financial institutions), done by the Research Institute in Buffalo and the University of Pittsburgh, revealed major depression in 23% of the men and 36% of the women.
In a poll of over 1000 people, Dr. Donald Kanter, Boston University School of Management says 73% of employees feel they work harder than their co-workers, "who do enough just to get by."
A bill passed by a House of Representatives Banking Subcommittee and sent to the next committee for consideration proposes raising the penalty for negligent violations of the currency reporting requirements to $50,000 per violation. When we first started filling out Currency Transaction Reports, the penalty was $10,000.
In 1988, 5,996 of the 6,995 (or 85.7%) of the financial institutions which were robbed had alarms activated during the crime. 94 percent (6,599) of those institutions maintained surveillance cameras.
MasterCard said getting copies of drafts and chargebacks cost merchants and member banks almost $3 billion last year. $60 million of that was processing costs to member banks.
Copyright © 1991 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 2, No. 3, 4/91
First published on 04/01/1991