Statistics, Facts & Such
The national average rental on a 10 inch by 10 inch safe deposit box in a financial institution is $66.06, according to MONEY magazine. The highest rent on their survey was $150 for the same size box.
There are about 5,000 credit card issuers presently in the United States.
As of early 1995, there are about one million users of home banking and bill payment facilities.
There are ATMs in New York City programmed for six languages; English, French, Spanish, Russian, Yiddish, and Portuguese.
In 1985 experts said a community financial institution could run profitably with $1 million of assets per employee. In 1995 it takes $2 million assets per employee to be profitable.
67,000 jobs in banking were lost in 1993. 25,000 of them were in New York City.
The ABA estimates it would cost community banks $80 million to replace their coin sorting and wrapping equipment, cash drawers and coin racks if a new $1 coin came into being.
ADT Security Systems says the price of closed-circuit television (CCTV) has dropped by more than 50% since it was introduced as a security device.
There is about $915 billion invested in IRAs in the United States. Approximately $133 billion is in banks. The rest are in mutual funds and/or invested through brokerage firms.
Labor Department statistics show that less than 50% of the nation's workers have put money aside for retirement. One third of workers eligible for 401(k) retirement plans made no contribution to the plan in 1993.
Copyright © 1995 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 5, No. 11, 8/95
First published on 08/01/1995