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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.
1/28/99, PRNewswire

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

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