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Statistics, Facts, & Such

"Public reporting and recordkeeping burden for the form is estimated to average 70 minutes per response, and includes time to gather and maintain information (for) the required report, review the instructions, and complete the information collection." From the bottom of FinCEN's #TD F 90-22.53 form, Designation of Exempt Person

Remember Y2K preparations? Germany alone has approximately 55,000 ATMs to supply with euros on this coming New Year's Eve. Detlef Schaefer, Securitas Cash Transport Co., Germany, AP, 9/4/01

The Federal Reserve reports a slight drop in numbers, estimating that 68 billion checks were processed in the U.S. last year. PRNewswire, 9/4/01

The Tower Group says that just in the retail industry (not including the financial industry) check fraud loss exceeds $12 billion annually. Tower Group, Plano, TX & Salt Lake City, 9/4/01, EDS

Business women hold 44% of Visa business cards; 46% of MasterCard business cards; and 35% of American Express corporate accounts. Personal account records show 51.8% of Visa cards are held by women; 52% of MasterCard; and 44.1% of American Express accounts. "Women & Credit Cards" Study, & Simmons Market Research

85% of consumers believe the banking system is financially strong. This is the highest 'mark' the banking system has received since 1994. ABA Consumer Survey, September, 2001

As many as 2% of online credit card transactions are fraudulent. Press Release, Datamonitor, October 4, 2001

Person-to-Person (P2P) payments totaled more than $4 billion in the past year, $3.8 billion of it in the U.S. and almost $700 million in European payments. Ibid.

41% of Americans had IRAs in May, 2000. "IRA Ownership Report", the most recent study, shows only a 1% increase - now at 42%, by May, 2001. Investment Company Institute, The American Banker, 10/1/01, p7

Copyright © 2001 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 11, No. 11, 11/01

First published on 11/01/2001

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