Statistics, Facts & Such
American Brokerage Consultants in Florida say according to their survey in 1992, 48% of banks that have $250 to $500 million in assets offer mutual funds: 41% do of institutions ranging from $100 to $250 million in assets; 30% of those from $50 to $100 million. Less than 30% of those financial institutions with less than $50 million in assets offer mutual funds.
About 3,500 of the almost 12,000 banks in the United States now offer mutual funds.
The General Accounting Office estimates that the number of Currency Transaction Reports (CTRs) will double over the next four years-from 9 million in 1992 to 18 million in 1996.
There were 9,723 new ATMs delivered to U.S. financial institutions in 1992, according to the Nilson Newsletter.
MasterCard International says it handles between 225,000 and 250,000 calls a month that are unable to go through to the card issuing bank for verification or are "over credit limit" purchases.
10% of all financial institutions (about 1300 banks and thrifts) plan to install document imaging software in branch offices during the next three years, according to two recent studies.
71% of all branch workstations installed last year were personal computers rather than terminals which rely on a host computer.
36% of banks and thrifts that cash government checks for non-customers charge a fee for the encashment.
VISA now has 304 million credit cards in circulation worldwide and $457.9 billion in global charge volume at the end of 1992. MasterCard has 187 million cards out and $258.9 million in global charge volume.
Copyright © 1993 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 4, No. 6, 12/93
First published on 12/01/1993