Statistics, Facts & Such
Regional banking network NYCE says ATM crimes at automated teller machines have dropped 35% since the ATM Consumer Safety Law passed in 1992.
Mentis Corp. says financial institutions spent 32.8% of their income last year on retail delivery-including 3.9% on telephone and PC banking, 7.4% on ATMs, 9.2% on Branch System Applications, and 12.3% on Branch Automation Systems. Data Centers used up 21.9% of capital income.
17 states have "opted-in" to the interstate banking Riegle-Neal Act, and one state (Texas) has "opted-out".
The merger of Chemical and Chase will make it the largest bank in the United States. It will be about the 20th largest bank in the world.
The "Savings Bond Informer, Inc." based in Detroit says there are more than $2 billion worth of U.S. Savings Bonds that people have not cashed in that are no longer earning any interest.
Deloitte & Touche, an accounting and consulting firm, estimates there are about 60,000 branches of American banks in existence today. They predict that by the year 2000, there will be 30,000 or less.
Grameen Bank of Bangladesh made $400 million in loans last year, ranging from $1 to $200-90 percent of them to poor women. It had a repayment rate of 97%.
Treasury reports more than $25 million in counterfeit bills were passed successfully in 1994. The Secret Service estimates that, worldwide, about $363 million in counterfeits has already been printed this year. They recover about $19 thousand a week in New York City alone.
Copyright © 1995 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 6, No. 2, 11/95
First published on 11/01/1995