U.S. Banking, Mortgages & Credit Industry Overview

Amount

Units

Year

Source

Total Number U.S. FDIC-Insured Banks & Savings Assocs.

8,451

Companies

2008 (Q2)

FDIC

Commercial Banks

7,203

Companies

2008 (Q2)

FDIC

Total Offices

83,360

Offices

2007 (Q2)

FDIC

Total Assets

11.43

Tril. US$

2008 (Q2)

FDIC

Total Deposits

7.42

Tril. US$

2008 (Q2)

FDIC

Total Liabilities

10.27

Tril. US$

2008 (Q2)

FDIC

Equity Capital

1.16

Tril. US$

2008 (Q2)

FDIC

Savings Associations

1,248

Companies

2008 (Q2)

FDIC

Total Offices

13,903

Offices

2007 (Q2)

FDIC

Total Assets

1.87

Tril. US$

2008 (Q2)

FDIC

Total Liabilities

1.68

Tril. US$

2008 (Q2)

FDIC

Total Deposits

1.15

Tril. US$

2008 (Q2)

FDIC

Number of U.S. Credit Unions

8,101

Companies

2007

NCUA

Total Assets

758.7

Bil US$

2007

NCUA

Total Liabilities

688.2

Bil US$

2007

NCUA

Number of Mutual Funds

8,029

Funds

2007

ICI

Total Assets

12.02

Tril US$

2007

ICI

Total Employment in the U.S. Banking & Credit Industries

2,770.0

Thous.

2008¹

BLS

Commercial Banks

1,355.4

Thous.

2008¹

BLS

Savings Institutions

217.6

Thous.

2008¹

BLS

Credit Unions

258.1

Thous.

2008¹

BLS

Nondepository credit intermediation

648.6

Thous.

2008¹

BLS

Total Number of ATM Terminals, U.S.

415,321

2007

ATM

ATMs at Non-Bank Locations

236,732

2007

ATM

Average Monthly ATM Transactions² (Per Terminal), U.S.

2,974

2007

ATM

Total ATM Transactions² Per Month, U.S.

1.2353

Billion

2007

ATM

Total Consumer Credit Outstanding, U.S.

2.56

Tril. US$

2008³

FRB

U.S. Homeownership Rate

68.1

%

2007

FRB

Total Housing Starts, U.S. (Single & Multi-Family)

808

Thousand

2008⁴

Census

New Single Family Home Starts (Units), U.S.

561

Thousand

2008⁴

Census

Total Mortgages Outstanding, U.S.

14.80

Tril. US$

2008 (Q2)

Fed

1-4 Family Home Mortgages Outstanding, U.S.

11.25

Tril. US$

2008 (Q2)

Fed

Existing Single Family Home Sales (Units), U.S.

5.03

Million

2007⁵

NAR

Avg. Purchase Price, New Conventional Single-Family Home

311.6

Thous. US$

2007

Census

Total Mortgage Delinquency Rate, U.S.

6.41

%

Q2 2008⁶

MBA

¹Preliminary numbers as of September 2008. ²Total network transactions include all deposits, withdrawals, transfers, payments, and balance inquiries performed on ATMs in the network, whether or not those transactions are switched through the network data center, as well as point of sale transactions on network terminals. Total numbers are adjusted to eliminate double-counting caused by two networks reporting a transaction. ³As of August 2008. ⁴Last four quarters ending 2nd quarter 2008. ⁵Seasonally Adjusted Annual Rate; 12 Months March 1 2007 through February 29, 2008. ⁶Seasonally adjusted annual rate.

FDIC = Federal Deposit Insurance Company; NCUA = National Credit Union Association; ICI = Investment Company Institute; BLS = U.S. Bureau of Labor Statistics; ATM = ATM & Debit News; FRB = Board of Governors of the Federal Reserve System; Census = U.S. Census Bureau; NAR = National Association of Realtors; Fed = U.S. Federal Reserve Board; FHFB = Federal Housing Finance Board; MBA = Mortgage Bankers Association.

Source: Plunkett Research, Ltd.