STATS

STATS

Approximately 12 million CTRs are filed annually. FDIC, Supervisory Insights, June, 2004
Major false and fraudulent statements provided to banks and other companies result in loan schemes that last about 18 months before detected, and cause a median loss of $4.25 million per scheme.CFE in 2004 American City Business Journals Inc., July 3, 2004
The nation's top ten banks are Bank of America, Citibank, Fleet, Washington Mutual, Bank One, Wachovia, Wells Fargo, Chase, Sun Trust, and USBank.FDIC
There was about a 400% increase in the number of ATMs in the ten years from 1993 to 2003, from 94,800 cash- dispenser-only products to 371,000 terminals.Insurance Information Institute ATM & Debit News
The average $1 bill's lifespan is approximately 18 months. It will tolerate folding 4,000 times.Fed Res Banks, Fun Facts About Money , frb.gov
More than 80% of American households use more than one banking channel, including branch, telephone, online, ATM, etc. TowerGroup, Annual Conference Report, May 20, 2004 www.towergroup.com
In 1996, just 2.4 million US households had signed up for online banking. By 2003, that number hit 29.2 million. Ibid.
"Electronic check-image exchange will reduce industry-wide operating costs by an estimated $2.1 billion annually."Small Value Payments Co. LLC Study, www.SVPCo.com, 5/20/04
In 2001, the Federal Reserve System processed 16.91 billion checks. In 2002, it processed 16.59 billion. And in 2003, down 4.7%, to 15.81 billion.Fed data analyzed by NACHA, 5/19/04
In 2003, there were 220 million electronic check conversions in lock boxes where payments are stored for bill payment. That was an 850% increase over 2002. Another 500% increase is predicted for 2004.Ibid.