Statistics, Facts & Such

About $13.6 billion worth of $10 notes, and $8 billion worth of $5 notes are currently in circulation following the recent release of the redesigned bills. More than $500 billion worth of U.S. currency is now in circulation, two-thirds of which is abroad.
U.S. Treasury

Internet bankers estimate there are 23 million potential customers in just the small business market, with over 75% of them using credit.
USA TODAY, 6/15/00

The mortgage industry employed about 375,000 people in May, 1999. By the end of April, 2000, staff numbers were down to 340,000.
Bureau of Labor Statistics, RFA Dismal Sciences, 6/00

Bank brokerage productivity is at an all time high, with year 2000 first quarter revenue per bank branch broker at $2,392 - up over 40% from the fourth quarter of 1999, and up 79.6% over the first quarter a year ago.
Bank Securities Association, Quarterly Productivity & Performance Report

There are now at least 24 Internet banks, serving approximately 300,000 customers (according to one analyst's guesstimation).
Gomez Advisors, Lincoln, MA

The latest survey on ATM charges taken in March, 2000 reported the average ATM surcharge was $1.37 per transaction.
U.S. Public Interest Research Group, 5/00

Large banks make over 50% of revenue on loans, compared to institutions with less than $1 billion in assets, which generate almost 75% of revenue from interest income.
FDIC

By the end of 1999, there was roughly $1.4 trillion in 401(k) accounts in the United States. Banks control an estimated 24% of the funds. Experts say that by 2004 there should be about $2.6 trillion in 401(k) assets.
Spectrum Group, Windsor, CT

48% of banks' income in the first half of 2000 came from fees, compared with 25% of the credit card industry's; leading an analyst to note that banks make nearly twice as much on fees as credit card operations do.
R.K. Hammer Investment Bankers as reported in the American Banker, 7/11/00

Copyright © 2000 Bankers' Hotline. Originally appeared in Bankers' Hotline, Vol. 10, No. 7, 7/00