FRB: Table 3 for testimony, Meyer -- Mergers and acquisitions in banking and other financial services -- April 29, 1998 The Federal Reserve Board eagle logo links to home page
Table 3 for testimony of Governor Laurence H. Meyer
Mergers and acquisitions in banking and other financial services
Before the Committee on Banking and Financial Services, U.S. House of Representatives
April 29, 1998

 

Table 3

 

 

Number of Banks, Banking Organizations, and Offices, 1980-19971

 

Year

 

Banks2

 

Banking organizations2

 

Number of banking offices3

 

Population per banking office4

 

1980

 

14,407

 

12,342

 

52,710

 

4,307

1985

14,268

11,021

57,417

4,145

1990

12,194

9,221

63,392

3,928

1991

11,790

9,007

64,681

3,896

1992

11,349

8,730

65,122

3,916

1993

10,867

8,318

63,658

4,053

1994

10,359

7,896

65,183

3,999

1995

9,855

7,571

68,228

3,861

1996

9,446

7,313

68,694

3,860

1997

9,064

7,122

71,080

3,765

 

1. Banks are defined as insured commercial banks; banking organizations are defined as bank holding companies and independent commercial banks; and banking offices are defined as insured U.S. commercial banks plus branches owned by insured commercial banks.

2. Source: NIC Database, Reports of Condition and Income.

3. Number of banking offices=number of insured U.S. commercial banks+number of branches owned by insured U.S. commercial banks. The sources of the branch figures are the Annual Statistical Digest and Annual Report published by the Board of Governors of the Federal Reserve System.

4. Population data for 1980-1997 are from the U.S. Department of Commerce (Bureau of Economic Analysis).

 

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1998 Testimony