Statistics, Facts, & Such

The piece of currency most often replaced is the $1 denomination. There are over 4 billion $1 bills in circulation, each with a life expectancy of approximately 18 months.

In 1927 the Texas Bankers Association circulated posters offering a $5,000 reward for each dead bank robber - no reward for a caught, live one. They reduced bank robbery considerably in the state by paying out quite a few rewards before rescinding the offer when bank robbery became a Federal offense in 1934.

Bank robberies had the highest average loss in 1996 at $4,207 per offense; gas station robberies the lowest at $487.

A study by CBA's Bank Investment Products shows the typical bank offers 10 different fixed annuities from 4 different insurers, and 7 different variable annuities from 6 different underwriters.

Variable annuities accounted for 21% of revenue in bank consumer investment programs during 1997, up from 18% in 1996 and 10% in 1995, according the CBA Bank Investment Product Study.

Over three fourths of the banks surveyed in the early 1998 CBA Bank Investment Product Study plan to add additional sales staff to handle investment sales.

Copyright © 1998 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 8, No. 7, 7/98