Statistics, Facts & Such

Total consumer installment debt is equal to 21.42% of disposable income-an all time high.

Penalties for patterns or practices of violations of the flood insurance statutes and regulations may be $350 per violation up to $100,000 per calendar year, according to the National Flood Insurance Reform Act of 1994.

The Federal Reserve estimates that as much as $500 billion now moves through U.S. banks annually as a result of money laundering.

Total U.S. bank assets are reported to be $4.2 trillion.

According to the Russian Ministry of Interior, 700 Russian banks have, to date, been implicated in organized criminal activity. 84 Russian bankers have been attacked, 30 assassinated since the beginning of private banking in Russia in 1991.

American Express says only one percent of its credit cards are platinum cards, with no limit on the card.

The United States now has about $360 billion in bank card debts.

One in five small businesses uses a personal credit card for financing the business, according to research by Payment Systems, Inc.

A 13 member interagency government committee say women own about 7.7 million American businesses, and employ about 35% more people than the Fortune 500 companies employ worldwide.

Since January, 1993, 27,000 women received more than $3.8 billion in SBA-backed loans.

As of June 30, 1995, there were 10,774 banks in the United States. On the same date in 1994 there were 11,327. The 1995 figure includes about 600 banks gone, and almost 80 start-ups.

Copyright © 1996 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 6, No. 6, 4/96