Statistics, Facts & Such
Americans spend about $120 billion each year on expanding, renovating and/or repairing their homes. In another seven years this expenditure is expected to reach over $200 billion annually.
There are 500 million pieces of mail a day delivered by the United States Post Office.
Financial institutions have been required to file currency transaction reports for cash transactions in excess of $10,000 since 1974. Casinos have been required to file them since 1985.
In January, 1993, ten Atlantic City Casinos were fined a total of $2,482,500 in civil penalties for 335 Bank Secrecy Act violations.
In 1978 24% of U.S. workers were in manufacturing. Today only 16% are-and the U.S. is still number one in the world in productivity.
Experts anticipate close to $425 billion in mortgages to be refinanced this year.
In a survey released by VISA USA, consumer payments of debt are made by check (57%), cash (21%), credit cards (12%), debit cards (1%), and by other means (9%)
Industry leaders of credit card banks report that about 28% of their profits come from their credit card business.
About 25% of all banks now charge for "on-us" transactions at their own ATMs, according to research by a bank technology consulting firm Speer and Associates. The average fee has risen from 29¢ to 41¢ for transactions at proprietary machines, and 93¢ at non-proprietary.
Twelve percent (12%) of the 25% of institutions that charge for ATM use assess annual fees instead of per transaction fees. The annual fees are between $6 to $15, with an average being $12.
Copyright © 1993 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 4, No. 5, 11/93
First published on 11/01/1993