Statistics, Facts & Such

A family with a $24,000 annual income would spend about $396 a year on financial transactions if they used a check cashing outlet. If they had a bank checking account, they would pay about $108, according to the Kansas City Economic Review.

A satisfied customer will tell, on the average, two people that your service is good. A dissatisfied customer will tell 26 about your bad service.

Title 18 United States Code 2113 says that if anyone steals anything from a U.S. financial institution exceeding $100 in value, that person shall be fined up to $5,000 and could be imprisoned up to ten years.

Between October, 1988 and March, 1993 financial institution prosecutions by the FBI resulted in a conviction rate of over 96%, with the defendants sent to jail over 77% of the time.

The FDIC examination manual says that there is a potential problem if an applicant for a real estate loan is 45 years old but credit history only dates back five years.

Twenty three percent (23%) of the people who bought mutual funds through their financial institution did so because it was recommended by an employee where they bank, according to an AARP survey.

The average U.S. employee stays with a job three years, according to Bain & Co., Boston, Mass. The average Japanese and German employee stay ten years.

The Small Business Administration is testing a one page application for loans under $100,000.

The FBI says street crime nets about $4 billion annually. White collar crime averages about $200 billion.

The FDIC plans to do 5,482 safety and soundness examinations this year-483 less than in 1993.

Copyright © 1994 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 4, No. 10, 5/94