Statistics, Facts, & Such
CORRECTION: In the last issue, we reported IRS allowing 32 ½ cents per mile deduction for business related motoring. That rate was good on mileage up to March 31, 1999. On April 1, 1999, IRS changed the optional standard mileage rate for operating your car for business, decreasing it to 31 cents a mile for each business mile. We apologize for any inconvenience - and thanks to ALL of you who called! You do keep us on our toes! The Editor
6% of community banks surveyed said they do not expect to need any additional cash on hand at the end of the year; 56% said they think they'll need 10 percent more cash than usual; 26% of the banks said they will need 20 percent or more extra cash.
Grant Thornton Sixth Annual Survey of Community Bank Executives, 5/99
By December 31, 1999, the Federal Reserve will have $200 billion in currency stored in government vaults, with an additional $50 billion put into circulation. This is in addition to the $460 billion already circulating in the United States and abroad.
Securities fraud incidents have increased 26% in 1999 over the same months in 1998, with Internet securities fraud accounting for 52% of the increase.
Business Wire, 6/9/99, NY, Fraud Index
92.9% of over 1,000 surveyed U.S. households with e-mail access said they prefer regular mail to e-mail when receiving bills, bank statements or other financial reports at home.
Pitney Bowes, Inc. study, Business Wire, 6/9/99
VISA is now accepted in over 480,000 ATMs world wide.
Press Release-6-8-99, VISA International.
Copyright © 1999 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 9, No. 5, 6/99
First published on 06/01/1999