Statistics, Facts & Such

Every time the postage goes up 1 cent it costs the banking industry 50 million dollars.

Sixty-five percent (65%) of credit card customers carry unpaid balances from month to month, incurring interest charges, according to Bankcard Holders of America.

"One third of consumers who see their credit reports dispute their accuracy or completeness."-from a statement given in testimony before Congress regarding changes in the Fair Credit Reporting Act.

An individual cannot qualify for deferment of payments on a student loan if the loan is in default when the request for deferment is made.

In the United States last year there were 831 multi-bank bank holding companies, and 12,338insured commercial banks, with 51,225 branches.

Over 50 percent of our currency is held outside the United States, according to the Department of the Treasury. Of the $268 billion now in circulation, $80 to $110 billion is used in domestic spending and up to $160 billion is offshore.

Philadelphia F.B.I. recorded 125 financial institution robberies by the end of August, 1991 in that city. There were 95 in the whole year there in 1990.

A Gallup poll of 1,007 people revealed that one of every five households acquired at least one new credit card last year, even if they already had credit cards.

A new identification device called VEIN CHECK reads the pattern of blood vessels found in the hand. The British inventor, Joseph Rice, says it will be useful for positive identification for credit card or ATM transactions.

The average loss on a stolen European credit card is $10,000.

Copyright © 1991 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 2, No. 8, 10/91