Financial Update (April-June 1999)

Masthead

Cover Story

Advice to the Fed

Strategies for the New Millennium

DEPARTMENTS

Year 2000

Did You Know?

Data Bank

The Docket

Data Bank

DISTRICT COMMERCIAL BANK DEPOSIT DATA1
($ millions)
  Annual Percent Change
  June 30, 1998 June 30, 1997 June 30, 1996 1997-98 1996-97
United States2 3,068,255 2,925,265 2,775,625 4.89 5.39
Sixth District3 424,398 401,674 389,043 5.66 3.25
Sixth District States  
Alabama 48,565 45,677 43,617 6.32 4.72
Florida 163,514 154,975 154,283 5.51 0.45
Georgia 81,997 78,554 73,921 4.38 6.27
Louisiana 41,317 39,687 37,938 4.11 4.61
Mississippi 26,754 24,644 23,731 8.56 3.85
Tennessee 62,250 58,137 55,554 7.08 4.65
Selected Metropolitan Areas  
Birmingham, AL 13,737 11,585 11,399 18.57 1.63
Fort Lauderdale, FL 5,248 4,973 5,040 5.52 -1.33
Jacksonville, FL 14,941 12,182 8,460 22.65 44.00
Miami, FL 30,880 28,992 29,570 6.51 -1.96
Orlando, FL 12,782 11,715 11,833 9.11 -1.00
Tampa, FL 24,684 24,290 24,842 1.62 -2.22
West Palm Beach, FL 11,136 10,784 10,876 3.26 -0.84
Atlanta, GA 45,766 44,094 40,725 3.79 8.27
New Orleans, LA 14,137 13,647 12,696 3.59 7.49
Jackson, MS 4,897 4,462 4,386 9.73 1.73
Memphis, AR-MS-TN 14,316 12,409 11,689 15.36 6.16
Nashville, TN 14,679 13,699 13,398 7.16 2.24
 
Total Urban Deposits in District 335,960 317,782 308,499 5.72 3.01
Total Rural Deposits in District 88,438 83,892 80,544 5.42 4.16
 
1 Includes thrifts owned by bank holding companies
2 Includes territories
3 Refers to all Sixth Federal Reserve District states in their entirety

Source: Bank data are taken from the June 30 Summary of Deposits Reports filed with the FDIC, compiled by SNL Securities. Some deposits, particularly corporate deposits, were reported at bank offices other than those where the deposits were taken. Merger and acquisition activity is one major reason for a bank to misreport deposits in this way.