Statistics, Facts, & Such
If you're traveling for your financial institution, the IRS says the per-mile deduction for business-related motoring is now 32 ½ cents a mile - home to work commute doesn't count.
Internal Revenue Service
Sales of E-commerce banking applications are predicted to climb 250% in 1999. Sales topped $93 billion in 1998, and are estimated to skyrocket to $326 million in 1999.
International Data corporation, quoted in VAULT, Winter, 1999 issue, p8
There is over $460 billion of U.S. currency in circulation worldwide - only one-third of which is in the United States.
IRS, U.S. Treasury
People over age 65 now make up about 20% of our population. By 2030 it will be 25%.
Bottom Line/Tomorrow, 3/99, p9
The U.S. Mint sold 2.3 million gold coins by the end of April, 1999 - four times as many as by the end of April, 1998.
U.S. News & World Report, 5/17/99, p70
It costs between $10,000 and $30,000 to replace an employee, taking into consideration recruiting costs, training expenses and lost productivity during the adjustment period.
Bottom Line/Business, 2/99, p9
Datamonitor's market analysis report predicts US retail banks and insurance companies will spend $364 million on software by 2003, that will aid them in cross selling their products more effectively and turn call centers into revenue generators.
There are 10,712 insured banks and savings associations with more than 83,000 offices in the United States.
Summary of Deposits, FDIC 1998 Survey
Copyright © 1999 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 9, No. 4, 5/99
First published on 05/01/1999